Important to understand why economic inactivity has risen
16 January 2023
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IEA Head of Lifestyle Economic Christopher Snowdon has appeared on GB News to discuss welfare reform.
Christopher said:
“People have always had that concern, that the benefit system has been abused, and of course it will always be to some extent,
“There has been a rise in economic inactivity (…) but the interesting thing to look at is why we have seen this rise in economic inactivity in the over-50s of working age.
If they just want to take early retirement, I don’t think that’s anybody else’s business, but if, for some reason, they don’t feel they can get back into the workplace, then that is a cause for concern”
You can see Christopher’s full appearance here (20:24).
Christopher said:
“People have always had that concern, that the benefit system has been abused, and of course it will always be to some extent,
“There has been a rise in economic inactivity (…) but the interesting thing to look at is why we have seen this rise in economic inactivity in the over-50s of working age.
If they just want to take early retirement, I don’t think that’s anybody else’s business, but if, for some reason, they don’t feel they can get back into the workplace, then that is a cause for concern”
You can see Christopher’s full appearance here (20:24).
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