With older people’s new found wealth, the most obvious thing to do is to offer them a little help whenever they need it. So how about a scheme to employ young people to help older people to forge greater understanding and empathy between generations.
Not altogether unlike conscription used to be years ago, Two years of service to the Country. The £ Trillion Helpers would be paid £10 / hour which is higher than the minimum wage for people under 25 to recognise the valuable community work they will be doing. It would either be 20 hours a week for two years or it could be fast-tracked to one year if they helped two different householders.
This would ultimately be paid for by the older people by increased inheritance tax, so the scheme would cost the Government nothing in the long term. Indeed it will probably save the Country money by having happier and healthier older people,
Effectively this would provide a significant transfer of wealth between generations. If every young person gave 1,000 hours of assistance a year for two years at £10/hour, that could go towards paying off £20,000 their student debt. Twelve million older people would be contributing £240 million to the economy every year. Only young people entering the armed forces would be exempt. Young people in full-time education should do their assistance period before going into university so that they could learn something about life first.
- Gardens would be tidier and young people could learn how to grow vegetables.
- Young people could up-skill their older companions on using computers and any other gadgets they can’t use,
- The young assistants would be taught all the basic household skills including cooking, cleaning, washing and ironing clothes.
- Together they could build a “ Book of Life” charting the lifetime of experience of the older person.