Older women 'frozen out over jobs'

Mother and son looking out.

%VIRTUAL-SkimlinksPromo%Older women are being "frozen out" of the jobs market because of caring responsibilities, leading to calls for more to be done to help them work flexibly.

A study by charities Age UK and Carers UK found that the proportion of older women working flexibly has fallen over the past two years, while there has been a "marked increase" in the number unemployed for more than a year.
The report suggested that many older women wanted to work, but could not find a suitable job.

An analysis of the Labour Force Survey found that 36% of women worked flexibly in 2012, down from 38% in 2010.

In the same period, long-term unemployment among women aged 50 to 64 increased from 34% to 40%.

Caroline Abrahams, of Age UK, said: "We know that many older women especially are finding it impossible to hold down a full time job at the same time as fulfilling their caring responsibilities.

"In the end, many have to stop employment altogether or take a poorly paid part-time job, where their skills are often wasted and their income plummets.

"That's why we need Flexible by Default, so that everyone can work flexibly unless their employer can justify otherwise, to harness the wasted potential of many older women - and indeed older men."

Helena Herklots, chief executive of Carers UK, said: "One in four women in their 50s and 60s have caring responsibilities, many struggling to combine paid work with supporting ageing parents or an ill partner.

"Unless carers can access flexibility at work and reliable care services at home they are at risk of being forced to give up work entirely, with serious costs not just to their family finances but also to their employer and the economy."

World's richest women
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Older women 'frozen out over jobs'

Christy Walton, 56, is the widow of John T Walton, one of the sons of Walmart founder Sam Walton.

She inherited John's fortune of $15.7 million when he died in June 2005 and now has an estimated net worth of about $25 billion, making her the tenth richest person in the world.

Liliane Bettencourt, 88, is France's richest woman with an estimated fortune of $23.5 billion.

Her wealth is due to being heir to the French cosmetics giant L'Oreal, which was founded by her father.

While Christy Walton's wealth is thanks to her marriage to John T Walton, Alice, 61, inherited her fortune directly from her father, Sam.

He founded Walmart, which now employs some 2.1 million people, in 1962 with his brother James. Alice's personal wealth is estimated at $20.9 billion.

When billionaire Andronico Luksic died of cancer in 2005, his second wife Iris became head of the family that controls Antofagasta, one of the world's largest copper miners.

Her fortune is thought to be worth about $19.2 billion.

Susanne Klatten, 48, is the daughter of Herbert Quandt, the man who rescued BMW from bankruptcy in the 1960s.

She also owns chemical manufacturer Altana, which she delisted from the stock market after inheriting 50% and increasing her stake to 100%. Her wealth is estimated at $14.6 billion.


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