Disability, especially in older age, can have devastating economic consequences. Not only can disability happen to anyone (especially as they grow older) but it can severely harm an individual’s financial situation. People with disabilities often experience significant drops in earnings,…
Additionally, as people age, their bodies naturally begin to wear down. Even individuals who have worked in physically demanding jobs may experience musculoskeletal conditions or other disabling injuries as a result of years of labor. The toll that repetitive strain,…
Another factor contributing to the rise in disability with age is the prevalence of degenerative diseases. Conditions like multiple sclerosis or amyotrophic lateral sclerosis (ALS) worsen over time, making it increasingly difficult for individuals to maintain employment. These progressive diseases…
This increase in disability rates with age reflects the underlying changes in health conditions as people grow older. As we age, we become more susceptible to illnesses and conditions that can lead to disability. For example, stroke and dementia are…
The risk of disability rises with age. While younger workers may not think of disability as a significant concern, the reality is that the older we get, the more likely we are to experience disabling health issues. People are more…
Social Security Disability Insurance doesn’t just protect older workers; it covers individuals of all ages who experience a disabling condition. While the likelihood of receiving SSDI benefits increases with age, the program is there for younger workers as well. SSDI…
Of the millions of workers who are eligible, about 7.3 million are currently receiving SSDI benefits. These individuals rely on the program to make ends meet as they cope with disabilities that prevent them from earning an income through traditional…
SSDI is an earned benefit that offers vital protection to millions of workers. Unlike other forms of financial assistance, SSDI isn’t a handout; it’s a program that workers have paid into through their payroll tax contributions. In exchange for these…
A young person starting a career today faces significant uncertainty regarding their future financial security. Statistically, they have about a 1 in 3 chance of either dying or qualifying for SSDI before reaching Social Security’s full retirement age. This highlights…
Social Security is much more than just a retirement program. Many people think of Social Security as a benefit reserved solely for retirees, but it also serves a critical function in protecting workers who become disabled. Social Security Disability…