Sobering Statistics about Social Security Disability in North Carolina and Beyond: Are We Spiraling into Disaster?

July 5, 2012, by Michael A. DeMayo

There is no shortage of critics of Social Security Disability in North Carolina and elsewhere.

The government benefits program is growing every year, and there are fewer and fewer people in the workforce to deposit money into the system.

Consider, for instance, Bureau of Labor Statistics from early 1990s, which ID-ed 120 million working Americans and 3,330,000 workers on federal disability. Back in 1992, there was basically one worker on disability for every 36 people working.

Fast forward 20 years later, to May 2012: 142 million Americans were employed, but 8.7 million workers were on disability. That’s nearly 2 people on disability for every 36 people working! P

The SSD program is funded by a payroll tax that workers and employers both pay into, at a rate of 1.8%. But despite all that income, the trust fund that supports SSDI has run a deficit for fiscal year 2009, 2010, and 2011 – and that deficit is growing every year.

What should you do, if you or a loved one needs benefits money to pay bills, get care, and generally keep your financial head above water?

If you’re worried that the crush of people in line for disability benefits might impede your chances, you might just be right.

Per the rules of Social Security Disability, you can qualify for benefits if you are unable to do the work you did prior to getting hurt/sick, can’t adjust to other gainful employment due to your illness/injury, and your disability is slated to last 12+ months or until your death.

Demonstrating that you are qualified can be tricky in and of itself. There may be an array of hidden obstacles along your path towards getting fair benefits and making the most of them. Empower yourself by getting a free and thorough consultation with the experienced team here at the North Carolina Social Security Disability law firm of DeMayo law.

 
 

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