December 2007 Archives
Today's published article in the New York Times focuses on the social security disability and SSI backlog problem. However, despite the fact that this coverage is provided by the Times, it doesn't really provide any information aside from what's been reported in a number of different print and web publications. Nonetheless, I'll sum up the statistics tossed out by the article.
1. According to the article, the disability backlog used to be 311,000 in 2000, and now towers over three and a quarter million cases (755,000 cases).
2. About two and half million disability claims are filed with the social security administration each year. And, of these, more than two-thirds are denied.
3. Most disability applicants tend to give up on their claims after the receipt of an initial claim denial or after the reconsideration denial.
4. The number of disability applications is rising, commensurate with an aging population.
All in all, this article only rehashes what has been reported several dozen times by local papers around the country.
Additional Entries
Applying for Disability for a mental condition
Medical determinations for social security disability
A few brief facts about Social Security
The Question of Who Qualifies for Disability Benefits
What to do when Social Security Retirement isn't enough
Disability and Poverty
Social Security Disability Answers
Disability Evaluation process
1. According to the article, the disability backlog used to be 311,000 in 2000, and now towers over three and a quarter million cases (755,000 cases).
2. About two and half million disability claims are filed with the social security administration each year. And, of these, more than two-thirds are denied.
3. Most disability applicants tend to give up on their claims after the receipt of an initial claim denial or after the reconsideration denial.
4. The number of disability applications is rising, commensurate with an aging population.
All in all, this article only rehashes what has been reported several dozen times by local papers around the country.
Additional Entries
Applying for Disability for a mental condition
Medical determinations for social security disability
A few brief facts about Social Security
The Question of Who Qualifies for Disability Benefits
What to do when Social Security Retirement isn't enough
Disability and Poverty
Social Security Disability Answers
Disability Evaluation process
The following tidbits of information were derived from an article written by Madonna Meyer and Pamela Herd of the Russell
Sage Foundation.
1. Social Security Retirement actually makes up about forty percent of the income for older persons in the U.S.
2. The poverty rate among the elderly currently stands at 10 percent. However, in 1959, it was as high as thirty-five percent.
3. Social Security retirement funds are derived entirely from FICA tax.
4. The cost of administering the social security retirement program is less than one percent of FICA tax collected.
5. Women, on average, will collect social security retirement benefits five years longer than men.
6. The social security retirement program may be viable until the year 2041; however, this is something that is highly debated and the system may be prone to shortfalls as soon as 2017.
Additional Entries
What to do when Social Security Retirement isn't enough
Disability and Poverty
Blog Archives
Social Security Disability Answers
Why does social security send you to a medical examination?
SSI cases - who usually wins
Disability Decision - What happens if you win or lose?
1. Social Security Retirement actually makes up about forty percent of the income for older persons in the U.S.
2. The poverty rate among the elderly currently stands at 10 percent. However, in 1959, it was as high as thirty-five percent.
3. Social Security retirement funds are derived entirely from FICA tax.
4. The cost of administering the social security retirement program is less than one percent of FICA tax collected.
5. Women, on average, will collect social security retirement benefits five years longer than men.
6. The social security retirement program may be viable until the year 2041; however, this is something that is highly debated and the system may be prone to shortfalls as soon as 2017.
Additional Entries
What to do when Social Security Retirement isn't enough
Disability and Poverty
Blog Archives
Social Security Disability Answers
Why does social security send you to a medical examination?
SSI cases - who usually wins
Disability Decision - What happens if you win or lose?
One of those odd trends: An increasing number of Americans are deciding to leave the U.S. at the onset of their golden years, a.k.a. social security retirement years, for the purpose of relocating to more afforable environments. One of those environments is Mexico, a country in which the American dollar still stretches reasonably far, albeit not as far as it used to.
Why is this phenomenon occurring? There are probably a number of reasons. However, here are a few contributing factors.
1. Americans are living longer. This means that a nest egg, assuming that has been "hatched" has to last longer than it once did.
2. Though Americans are living longer, they're not necessarily healthier. Why? Recent evidence indicates that obesity is occurring at younger ages, resulting in more mobility limiations by the time an individual reaches retirement age. This often translates as a higher incidence of arthritis and degenerative disc disease, but also as a lower level of general health. This means, for some individuals, having to deal with greater health-related costs as they get older.
3. The savings rate among Americans of all ages is abysmal, and this applies to retirees. The unfortunate truth is that most retirees may only have their homes as a significant asset.
4. The American lifestyle is highly focused on consumption, which contributes to excess spending (typically on entertainment and recreational items) and a low savings rate).
Going abroad is, essentially, a plan of escape for those individuals and couples whose golden years look bleak due to limited assets and income. Is mexico the only point of retreat? No, other ports of retreat include Panama and Belize.
Additional Entries
The Question of Who Qualifies for Disability Benefits
Lyrica for Fibromyalgia and Diabetes as well
Disability and Poverty Blog Archives
Social Security Disability Answers
Social Security Disability Reconsideration - how do I file
Qualifying for Disability - how hard is it to qualify?
Disability Claims filed with social security
Why is this phenomenon occurring? There are probably a number of reasons. However, here are a few contributing factors.
1. Americans are living longer. This means that a nest egg, assuming that has been "hatched" has to last longer than it once did.
2. Though Americans are living longer, they're not necessarily healthier. Why? Recent evidence indicates that obesity is occurring at younger ages, resulting in more mobility limiations by the time an individual reaches retirement age. This often translates as a higher incidence of arthritis and degenerative disc disease, but also as a lower level of general health. This means, for some individuals, having to deal with greater health-related costs as they get older.
3. The savings rate among Americans of all ages is abysmal, and this applies to retirees. The unfortunate truth is that most retirees may only have their homes as a significant asset.
4. The American lifestyle is highly focused on consumption, which contributes to excess spending (typically on entertainment and recreational items) and a low savings rate).
Going abroad is, essentially, a plan of escape for those individuals and couples whose golden years look bleak due to limited assets and income. Is mexico the only point of retreat? No, other ports of retreat include Panama and Belize.
Additional Entries
The Question of Who Qualifies for Disability Benefits
Lyrica for Fibromyalgia and Diabetes as well
Disability and Poverty Blog Archives
Social Security Disability Answers
Social Security Disability Reconsideration - how do I file
Qualifying for Disability - how hard is it to qualify?
Disability Claims filed with social security
According to a report issued by ILO, there are over 650 million individuals around the world who have a disability. That's roughly ten percent of the population. And a large percentage--more than half--of this group of individuals is of working age.
The report is titled "The right to decent work of persons with disabilities" and it focuses on the poverty levels and levels of unemployment faced by disabled individuals, as well as focusing on the need to promote greater inclusion within the workforce of persons with disabilties.
Additional statistics derived from the ILO report:
1. 80 percent of those with disabilities live in the developing world.
2. Individuals with disabilities who live below the poverty line number a staggering four hundred, twenty-six million.
Return to the homepage for:
Social Security Disability Secrets
Additional Entries
The Question of Who Qualifies for Disability Benefits
Lyrica for Fibromyalgia and Diabetes as well
Return to the homepage for:
Social Security Disability Secrets
Additional Entries
The Question of Who Qualifies for Disability Benefits
Lyrica for Fibromyalgia and Diabetes as well
