Your Lifestyle

Australians over 50

Older Australians are big contributors to the Australian economy. According to recent research by the Australian Institute of Family Studies, older people make valuable economic contributions through voluntary work, unpaid caring in their own household, for their family in other households and for non family members in the wider community. Recent government research has indicated that Australians aged 55 and over contribute almost $74.5 Billion dollars per annum in voluntary and unpaid caring work to the economy.

When is comes to paid work, the benefits to the country of older workers being hired are also large. According to recent research, estimates are that if workforce participation by 55-70 year olds increased by 10 percent, all Australians could expect a 4 percent average per head income benefit, further negating any increases in healthcare.

Did you know that 9% of volunteers for the Sydney Olympic Games in 2002 were over 64? 36% of volunteers were aged between 45 -64.