Social Security Disability’s Future

Are We Looking at Social Insecurity?

It has always been comforting to know that – whether you are a long-term sufferer of a chronic disability, or have recently been the victim of a devastating accident or medical diagnosis, our Social Security Benefits programs could help keep you from complete financial collapse if you are no longer able to work.

However, the state of Social Security is now being closely scrutinized as it is touted to be on the brink of insolvency – with the Disability Insurance Trust Fund projected to be exhausted by 2020.

The State of Social Security

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What Has Caused this to Happen?

In recent years, the Social Security program has been taking in more money in taxes than it has needed to pay out in SSI future and present benefits, thanks to more people working (and thus paying tax) than people not working (either disabled or retired).

However, this positive cash flow is about to be reversed as the Baby Boom generation (born between 1946 and 1965), starts to retire. This will result in a noticeable shift in the ratio between workers and Social Security beneficiaries, and will see more funds channeled into Retirement Benefits instead of Disability insurance.

How Can We Fix This?

There are three possible solutions to the tenuous state of Social Security:

  1. We need to separate and secure Social Security Disability funds from the political process.
  2. There needs to be a lot more outside funding – notably from the private sector.
  3. Make the way that disability awards are determined more consistent by improving medical decisions made at state agency level and reducing the number of cases going through to hearing level.

We always encourage our qualifying clients to apply for benefits, despite the uncertain SSDI future landscape. We are one of the largest Social Security Disability law firms in the country and we can help you. 

Complete our Free Disability Evaluation today.

Social Security Disability Evaluation