Over 50s 'make valuable societal contributions'

An insurer has called for over 50s to be recognised more widely for their contributions to society.

The over 50s should be acknowledged for everything they do for society, it has been claimed.

People in this age group are underestimated in terms of the value they contribute to the economy, according to RIAS.

Janet Connor, managing director of the insurance organisation, pointed out that over 50s contribute 6.6 billion to the public purse.

She explained that general perceptions of older people as "a drain on society" does not match the reality and called for more recognition of their individuality and value to the country.

Ms Connor added that contrary to popular belief, they earn and spend more than those under the age of 50, meaning they give more to society than most.

"They should be celebrated for their outlook, their life experience and their knowledge, [they are] definitely positive givers to society," she commented.

Ms Connor's comments come after RIAS released its report Still Giving at 50, which demonstrated that 1.7 million people in this sector have their own business, with a further 860,000 planning a new venture in the near future.

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