Those seeking a job are now facing stiffer competition from the younger generation. This essay will suggest that the main problem this causes is higher poverty among older people and propose lowering the retirement age as a possible solution, followed by a reasoned conclusion.
Increased competition from today’s youth has left many over 50s in poverty. If a young and old person apply for the same job, it is often the case that the younger individual will have more qualifications and may also be willing to work for less money, leaving many seniors without work and ‘left on the scrapheap’. For example, a recent survey showed that since the financial crisis in 2008, fuel and food poverty has increased by 82% amongst the aged. Despite this, many of the older generation own their own property and have large savings and therefore, are somewhat insulated from these troubles.
The most viable answer would be to drop the age of retirement. Most industrialised countries could afford to lower this from 65 to 60, thus allowing millions of people to simply retire and be looked after by the state. For instance, Finland recently decreased the retirement age for all government employees to free up more jobs for their graduates. However, this initiative may be very unpopular with the business community, who would have to pay for many of these early retirements.
In summary, the increased rivalry between young and old in the job market has resulted in the impoverishment of many of our older citizens and countries should consider reducing the age of retirement to solve this. 
Those seeking a  
job
 are  
now
 facing stiffer competition from the younger generation. This essay will suggest that the main problem this causes is higher poverty among older  
people
 and propose lowering the  
retirement
  age
 as a possible solution, followed by a reasoned conclusion.
Increased competition from  
today
’s youth has  
left
  many
 over 50s in poverty. If a young and  
old
 person apply for the same  
job
, it is  
often
 the case that the younger individual will have more qualifications and may  
also
 be willing to work for less money, leaving  
many
 seniors without work and ‘ 
left
 on the scrapheap’.  
For example
, a recent survey  
showed
 that since the financial crisis in 2008, fuel and food poverty has increased by 82%  
amongst
 the aged. Despite this,  
many
 of the older generation  
own
 their  
own
 property and have large savings and  
therefore
, are somewhat insulated from these troubles.
The most viable answer would be to drop the  
age
 of  
retirement
. Most  
industrialised
 countries could afford to lower this from 65 to 60,  
thus
 allowing millions of  
people
 to  
simply
 retire and  
be looked
 after by the state.  
For instance
, Finland recently decreased the  
retirement
  age
 for all  
government
 employees to free up more  
jobs
 for their graduates.  
However
, this initiative may be  
very
 unpopular with the business community, who would  
have to
 pay for  
many
 of these early retirements.
In summary, the increased rivalry between young and  
old
 in the  
job
 market has resulted in the impoverishment of  
many
 of our older citizens and countries should consider reducing the  
age
 of  
retirement
 to solve this.