Over 20% of North Carolina Social Security Disability Benefits to Be Cut??

July 12, 2012, by Michael A. DeMayo

In just four years, Social Security Disability benefits in North Carolina and elsewhere might be slashed by a dramatic 21%, according to a new report from the National Center for Policy Analysis.

That’s not the only stark news. Another study, conducted by the Organization for Economic Co-operation and Development (OECD), looked at over two decades’ worth of unemployment data; it found that Social Security Disability applications in North Carolina and elsewhere spikes by 10% whenever the unemployment rate goes up by just 1%.

Needless to say, conservative pundits and others who have serious reservations about the feasibility and structure of our nation’s entitlement programs are up in arms about the statistics. According to reports, eventually these programs will have to make concessions somewhere, and SSDI recipients will be among the first to see shrinkages.

Per projections, if Congress does nothing to change the trajectory or structure of these programs, by the year 2033, benefit cuts will need to be slashed by 25% across the board.

These numbers are scary, and the policy analysis can be incredibly “doomy and gloomy” – not exactly the optimism inspiring news that you need to get you through the day, if you’re dealing with back pain, a mental disorder, or a disease or physical ailments. You alone obviously cannot change behemoth institutions like SSDI – or even really understand in depth the philosophies critiquing and supporting the SSDI project.

Concentrate on what you can control and “let go” of stuff that you can’t control.

Your time, energy, and mental stamina are limited. You need to be focusing all your efforts right now on achieving a positive outcome for you and your family. That doesn’t mean burying your head in the sand with respect to these larger issues. But it does mean you need to focus.

Based on your current diagnosis and financial situation, what’s an ideal outcome for you? Get specific about how much money you need. Where do you want to live? How do you want to feel a year from now? Put your energy into mentally designing solutions and an ideal future. And then work on acquiring resources to help you turn that vision into reality.

For instance, the team at Michael A. DeMayo’s Law Offices is here to help if you have North Carolina Social Security Disability questions.

 
 

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