The Social Security Administration reports that just over one in four of today’s 20-year-olds will become disabled before age 67, according to the South Bend Tribune.
In fact, they are three times more likely to become disabled for a year before age 65 than to die.
Before you knew those statistics, you may have thought that your most valuable asset was your car, your house, your savings, or your retirement account–it may not be. For many working people, your most valuable asset is your ability to earn money.
That means becoming disabled for an extended period and not being able to work can be financially devastating.
“Every consumer is vulnerable,” said the executive director of the Consumer Federation of America. “The probability of being out for an extended period of time applies to all Americans. This is coverage that should be part of everyone’s basic financial plan.”
The good news is that you probably are entitled to Social Security Disability Insurance (SSDI) through the pay roll taxes that you have already paid in.
The “not so good” news is that the SSDI can be a challenging system to navigate on your own. Fortunately, the Lawyers for Social Security Disability at Fleschner, Stark, Tanoos & Newlin are here to help you when you need it.
If you or someone you know needs help with Social Security Disability benefits and understanding the basics, contact us today.
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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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