People aged over 50 continue to make a positive net contribution to the UK economy.
That is according to a report by insurer RIAS, which has suggested that the 21 million people in Britain aged over 50 contribute around £6.5 billion to the country’s public finances.
Janet Connor, managing director at RIAS, said that there has been a "public stereotype" that people aged over 50 are a "drain on society".
"In reality, the complete opposite is true. People over 50 make a positive contribution financially, and feel much more satisfied with their lives, because they feel more relaxed and have more time to do the things they want," she said.
Although many people of retirement age have more time with which to play, they may not always have the financial means to do so.
For anyone looking to free up some cash and really enjoy their retirement years, equity release could be the answer.
Whether you are looking to go on a dream cruise or visit family and friends in far flung places, equity release could help you free up the cash to do so.
By Christian O’Leary 
