Posted on Tuesday, October 25th, 2011 at 1:39 pm
Officials are concerned that the Social Security Disability Insurance fund will not be able to be sustained past the year 2018 because of the growing age of the baby boomer generation and the recession.
A report was recently released that stated that the growth rate at which Americans are applying for SSDI funds continues at this rate, the fund will run dry in about six years.
In September, nearly 8.5 million Americans received payments from the fund and this number is up 20 percent from December 2007, when the recession began. In 1990, only 3 million Americans received SSDI payments.
In 2010, nearly half of all SSDI applicants claimed that back pain and mental issues were their debilitating injury. This number has nearly doubled from 26 percent in 1965.
If you or a loved one has been injured and needs to SSDI payments because you can no longer work, you need experienced representation on your side in order to help you with the complicated process. Contact the Philadelphia Social Security Disability Insurance lawyers of Lowenthal & Abrams, P.C., by calling 610-667-7511 today.