Are you Economically Inactive?

marycanary

Sarahspangles said:

, I suspect the majority would have been described as 'housewives', 'labourers wives' etc...

You're right in relation to women - working class women may have been caring for a household with a husband and working-age sons but were unpaid, and many middle class women didn't have the option of continuing in their career - teachers and I think nurses were made to resign - so would be housewives.

My Grandma was forced to leave the Post Office when she married in the 1920s. It was assumed that my Grandad would support her so the job should go to a man. The PO paid her a dowry. 

german_keeper

diystarter7 said:

Hi
Not read the whole thread but we left work at over 50 and sub 55 now in our early 60's

I left soon after my OH due to a health scare otherwise I would have satyed on for 2/3 more years to get my dream car.

We look after our grandkids most are local and their parents have always worked from home even before coid EG 2/3 days out of 5 now its almost 5 days - we often pick up the kids  and watch more telly, go out a lot more and not done a proper hols since covid as we came back just before the 1st lockdown

We already pay too much tax and fear IHT and care home fees when may won't pay the care home fees - even if we were zero taxed for new employment, no thank you.

The current rate of hyper infaltion is worrying but we mange but I do worry a lot more about people on lower incomes and debt now that i have time on my hands and have considered volunteer work but covid holds me back. We give to charity more than we used to i guess its more time to think rather than think about work 5 days a week

Thanks

If you are paying too much tax just contact HMRC and explain why and they will refund it.

Scot_39

Linton said:

Pat38493 said:

Linton said:

"Economically inactive" is a technical term used in UK government statistics.  On the ONS website It is defined to mean: "People not in employment who have not been seeking work within the last 4 weeks and/or are unable to start work within the next 2 weeks."

So no judgement, simply a term used for categorisation purposes.

True, but we have heard a lot of talk in the news recently about too many people being economically inactive, without any clarification that this is a technical statistical term and it doesn't imply that they might not be impacting the economy in some way or other.  Based on that definition, a millionaire buy to let landlord is economically inactive.

I would agree that a millionaire BTL landlord is "econimcally inactive" according to the definition of the term.

The problem is that there are insufficient people able and willing to fill the number of vacancies.  Hence the economy is not working as efficiently as it could be and It would be beneficial  for the rest of us if the millionaire BTL landlord were to be "economically active".

Depends - at that level - more likely to be running a property empire as a business - than passive.

So he will be self-employed.

It may not be 40 hrs in the office - but it is still technically work.

Unless pushes out all admin to a manager.

Ibrahim5

marycanary said:

Sarahspangles said:

, I suspect the majority would have been described as 'housewives', 'labourers wives' etc...

You're right in relation to women - working class women may have been caring for a household with a husband and working-age sons but were unpaid, and many middle class women didn't have the option of continuing in their career - teachers and I think nurses were made to resign - so would be housewives.

My Grandma was forced to leave the Post Office when she married in the 1920s. It was assumed that my Grandad would support her so the job should go to a man. The PO paid her a dowry. 

When my mum died I was going through her belongings. I found a "marriage gratuity" from her employer from the 1950s. I thought gratuity = gift, therefore a wedding present. It was enough to buy a brand new car! I thought "you don't get that these days." It was a while before I discovered that it was the return of all her pension contributions.

Albermarle

p00hsticks said:

Albermarle said:

Maybe ' Unavailable for paid employment'( for one reason or another ) would be a better description?

Not really - like many I know, I'm technically available for paid employment, but choose not to seek it (I'm not yet at state pension age, retired early and live off savings while keeping very busy with various activities, including volunteering). 

If you are not interested in getting a job, then you are still 'Unavailable for paid employment', in terms of the economy/statistics gathering.
Probably a more accurate description than 'Economically Inactive' at least .