When U.S. citizens are no longer able to work, many depend on Social Security Disability benefits for income. The problem is a lack of funding is causing a threat of benefit cuts for recipients.
Estimates show that Social Security Disability benefit payments could be slashed by as much as 23 percent by 2033. Those cuts could increase another 5 percent by 2088.
These potential cuts in benefits have prompted lawmakers to begin developing solutions. One proposal discussed in Forbes magazine—called the Social Security 2100 Act—calls for three major changes to resolve the issue:
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The financial burden that often comes with a serious injury can be too much for many people to bear. Unexpected medical debt, damaged personal property, and the sudden loss of income can impact the budgets of most families. The good news is that a successful injury claim could help reduce that financial strain after a serious accident. Get in touch with a Terre Haute personal injury lawyer with Fleschner, Stark, Tanoos & Newlin to learn more.
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