Sen. Scott and Rep. Murphy propose repeal of Social Security earnings test

11 articles · Updated · Realtor.com News · Apr 28

The Senior Citizens’ Freedom To Work Act, introduced by Sen. Rick Scott and Rep. Greg Murphy, would let seniors keep full Social Security benefits regardless of work income, removing the current $24,480 annual earnings cap.
This change aims to help older Americans, especially homeowners facing rising housing and maintenance costs, by eliminating benefit reductions for those working before full retirement age.
Senior workforce participation has surged 52% in the past decade, with the Northeast leading at 21%, reflecting growing financial pressures and a trend toward later retirement among older Americans.

Could letting seniors work without penalty actually save Social Security in the long run?

Beyond this bill, what can businesses do to support an aging workforce?

What other financial hurdles do working seniors face beyond the Social Security earnings test?

Is the Social Security earnings test an outdated rule punishing seniors who need to work?

How will repealing the earnings test affect the Social Security trust fund's 2032 insolvency date?