Rates of employment among older people are higher in countries that spend more on health as a proportion of GDP, and in which more people aged 65 and over report good health, aren’t limited in daily activities, and are vaccinated against the flu.31 Investing in lifelong learning and retraining: developments in technology and automation are leading to rapid changes in the nature of work. [...] The benefits of supporting unpaid contributions The average economic value of all unpaid contributions by people aged 50 and over has been estimated at around $19 billion, or 1.4% of GDP, across the European members of the G20.56 The estimated value of unpaid contributions by people aged 65 and over was also significant, averaging around 0.7% of GDP across the European countries in the G20 in 2010. [...] 60 2010 In contrast, in the UK, the main areas where spending by older 2015 consumers has bee4n0 growing are: recreation and culture; transport; household goods and services; food and restaurants; and hotels.90 This is in line with trends2 a0cross the rest of the EU, which has seen rises in spending on food, household goods and services, recreation and 0 culture, and health among old35e-4r4 co4n5-. [...] This consortium aims to promote the wellbeing of older people in the Central region of Portugal through better healthcare and social care, by developing innovative products and services, and through new diagnostic techniques and treatments.146 Investing in skills for care The number of older people requiring long-term care around the world is projected to increase by 100 million between 2015 and 2. [...] Recognising and investing in the skills of unpaid carers, and investing in lifelong learning and training, are crucial to ensure workers have the relevant skills to work for longer, and employers can recruit the skills they need.
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