Labor Force Participation

• An increase in labor force participation (LFP) of the 65+ population would have a significant positive impact on the income of the Social Security trust fund.

• Currently, 75% of Social Security beneficiaries are 65+ years of age; therefore, an increase in LFP of among this age group would result in a substantial decrease in the amount of benefits being paid out by the system.

How to Increase LFP in Americans 65yrs+

• Increase amount of Earnings Test or eliminate it entirely

• Offer employers tax credit for hiring older workers

• Educational programs for older workers

• Increase retirement age

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