Many seniors keep working on a full or part time basis long after they reach retirement age.
However, you may not know that many of these seniors are unfairly penalized by something called the Social Security Earnings Penalty. The Earnings Test is a relic of Social Security s Great Depression roots. It was included to encourage older people to leave the work force, freeing jobs for younger workers. This provision may have made sense during the Great Depression when jobs were scarce. But it makes no sense today, when labor markets are tight and personal savings are low.