Industry News
CRS Reports on Social Security and Older Workers
On October 16, 2024, the Congressional Research Service (CRS) released its report, Social Security and Older Workers. The report analyzes the impact of Social Security retirement and survivor policies on older workers’ decisions in the labor force. It also provides an overview of the Social Security program and presents the employment trends for older individuals. In addition, the report examines the impacts of separate Social Security retirement and survivor policies on older workers’ employment and retirement decisions. CRS also discusses and summarizes various policy issues.
According to the report, “Congress has shown interest in changing Social Security retirement and survivor policies to encourage older individuals to work longer and postpone claiming Social Security benefits.” It added, “Policymakers and researchers have suggested some possible approaches that could accompany those policy changes and might offer certain income protections to vulnerable older adults.”
The report is available here.