Archive | August, 2012

Disability Applicants Traced to Great Recession

Business Insider has a thoughtful article charting the increases in disability applicants that can be traced to the Great Recession. …we estimate that some 695,228 individuals, above and beyond the numbers that might be considered to be normal, have filed for and received Social Security disability insurance benefits in response to the Great Recession in […]

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Direct Deposit Enthusiastically Embraced

With less than one year until the March 1, 2013, deadline for all federal benefit recipients to switch from paper checks to electronic payments, a new U.S. Department of the Treasury study has found overwhelming support for its recommended Direct Express(R) Debit MasterCard(R) card. According to a cardholder survey, 95 percent of individuals who use […]

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Who Gets Social Security?

From the Associated Press: About 56 million people receive monthly Social Security benefits. Who they are, and how much they get: —36 million retired workers. Average monthly benefit: $1,235 —8.7 million disabled workers. Average benefit: $1,111. —2.5 million spouses. Average benefit: $590. —4.3 million children. Average benefit: $564. —4.4 million widows and widowers. Average benefit: […]

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Demographics Account for Growth of Social Security

From the Washington Post: Social Seccurity Disability, or SSDI, is an earned benefit that prevents abject poverty for millions of Americans with impairments so severe they cannot perform substantial work. Congress narrowly tailored SSDI’s eligibility rules to efficiently target scarce tax dollars. Many SSDI beneficiaries are terminally ill — about one in five men die […]

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National Group Launches Website to Provide Accurate Information

today’s MarketWatch reports: “It is important to remember that hard-working Americans have earned these disability benefits,” said Charles Martin, President of NOSSCR. “The rise in number of SSDI Claimants’ has been expected for years as we witnessed more women entering the workforce and we watched the Baby-Boomer generation age. Now more than ever, we must […]

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