Social Security Disability recipients to get 21% cut
Social Security Disability Insurance recipients can expect a 21 percent cut in their monthly checks within the next four years unless Congress takes action, trustees of the Social Security Administration and Medicare say.
The increasing amount of Americans filing for government assistance can be attributed to the weakening economy, the widening criteria for disability, and the expiration of many’s unemployment benefits. In fact, a study by the OECD found that as unemployment increases by one percent, disability applications increase by ten percent.
However, it’s not just the increasing claims that drain the fund. Once individuals begin receiving benefits, less than one half a percent ever return back to the workforce.
If your application has been denied and you are interested in learning how a Social Security Disability benefits lawyer can help you, contact the Hankey Law Office, P.C. today at (317) 634-8565.