The Netherlands is utilising the potential of employees aged 55 years or older insufficiently. Our Gross Domestic Product (GDP) therefore misses out on 90 billion euros of additional growth.
If all OECD-countries would increase the labour participation levels of 55 to 69 year olds to that of New Zealand, the potential long term gain to economic growth could be 3.5 trillion US dollars. This is the outcome of PwC’s annual Golden Age Index.
Between 2015 and 2050, the number of people aged 55 and above in OECD countries will grow by almost fifthy per cent to around 538 million. An ageing population is already putting significant financial pressure on health, social care and pension systems, and this will only increase over time.