SSDI benefits to be cut by 21% in four years
Trustees at the Social Security Administration and Medicare say that Social Security Disability Insurance recipients can expect a 21 percent cut in their monthly checks within the next four years. As the economy struggles, Americans are more likely to file for assistance once their unemployment benefits expire.
According to the OECD, when unemployment increases by one percent, disability applications increase by ten percent. There are several other reasons why the program is wearing thin, such as the expansion of disability criteria and the fact that almost all recipients never return to work.
Currently, one in eight working-aged adults receive disability benefits. More than a third of all benefits are for mental and mood disorders, such as depression and anxiety.
If your claim has been denied and you would like to learn how a Social Security Disability lawyer can help you, contact Hankey Marks & Crider today at (317) 634-8565.