The UK economy could grow by some £425 billion* by 2050 if employers recruited as many silver workers as possible, according to new calculations. That would work out at 6.7% of Gross Domestic Product per capita. But allowing over-50s employment to stagnate could cost the country 8.4% of GDP per capita over the same period. The calculations, based on data verified by the OECD, were made by the AARP (American Association of Retired Persons), which reckons discrimination against workers over 50 in 2018 alone cost the US economy $850 billion.

* Approximate conversion from US$ 528 billion at the exchange rates at the time of writing.

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