Covid secure?

The age spread of labour market damage from the Covid-induced economic crisis is distinctly U shaped. The youngest workers have been worst affected, accounting for two-thirds of the fall in payrolled employment. But older workers have also been hard hit and the challenges they face from job losses are significant – from longer periods of unemployment to earnings falls for those finding a new role. Unemployment later in our working lives can also have material effects on retirement plans, either bringing them forward prematurely, or forcing people to work longer to make up for lost incomes.

How have older workers been affected by the pandemic? To what extent are they amending their career and retirement plans? How does the support available for those losing their jobs cater for their needs? And how can the UK restart the strong employment growth among older workers that predated the Covid-19 crisis?

To mark the launch of a new report on older workers during the pandemic, the Resolution Foundation is hosting an interactive webinar to discuss and answer these questions. Following a presentation of highlights from new RF research, we will hear from Baroness Ros Altmann and Lord Willetts on how the Covid-19 crisis has impacted on older workers. Viewers will be able to submit questions to the panel before and during the event.

The new research on older workers is the first in a series of reports to be published throughout the Spring and Summer in the run up to the Foundation’s annual Intergenerational Audit, which is supported by the Nuffield Foundation.

Event video