Social Security disability fund to run out in four years
According to the Washington Post, the Social Security disability fund is expected to run out by 2016. About 77 million Baby Boomers are at or reaching retirement age, which is also the age when people are most likely to become disabled.
This, coupled with the struggling economy, has forced many to seek disability benefits when unemployment benefits run out. About 23 percent of all Americans receive Social Security disability and application rates are steadily increasing.
On average, recipients get $1,111 a month. Last year, $132 billion was spent on Social Security, more than all of the annual budgets for Labor, Interior, Commerce, Agriculture, Justice, and Homeland Security combined.
If you need help applying for Social Security disability benefits, contact the SSDI attorneys of the Hankey Law Office today at (317) 634-8565.