Baby Boomers Stress Retirement And Disability Pay Outs

The typical conversation about Baby Boomers and Social Security involves the increase in retirees who are going to make Social Security insolvent, since retiring Baby Boomers outnumber those currently paying into the system. Baby Boomers will put a strain on Social Security retirement benefits, but another impact they are already having is on Social Security disability benefits.

The basic numbers behind Social Security disability benefits show that we have more and more applicants each year with fewer and fewer approved cases. During the 2006 fiscal year for the federal government, 2,524,550 workers applied for disability benefits. The Social Security Administration (“SSA”) approved 35.2 percent of those applications. In the most recent fiscal year, which ended in September, there were 3,243,079 applicants, with the SSA approving 33.5 of them.

As we age, we are more likely to suffer a severe injury that jeopardizes our ability to work. The rough economic times pose an additional burden, as older Americans face longer unemployment periods than their younger counterparts. The Baby Boomer demographic is thus increasingly likely to suffer an injury, come down with a severe malady or endure employment troubles. As their troubles rise, so do the number of people applying for disability benefits.

If you are of the Baby Boomer generation, do any of these concerns ring true for you?

Troutman & Troutman, P.C. – Tulsa Social Security disability lawyers

Categories

    I didn't think there was a caring professional considerate attorney firm on the planet, but Troutman & Troutman proved me wrong. From the receptionist to the legal assistance to the attorney and more they were exceptional people.

    - Robert S.

    They did a fantastic job getting everything gathered up and getting the trial done as quickly as possible. Anytime I had a question they were patient and help me understand what was going on. Especially Christy and Charlie were great.

    - Michael M.

    Steve Troutman was able to get my short-term and long-term disability for me. Then Erin another lawyer for their firm got my Social security disability for me. Great people.

    - Billy S.

    Mr. Troutman walked me through the entire process. Heather was available each time I called, answered all my crazy questions, and helped me fill out forms along the way. I was never treated like I was wasting time.

    - Julia C.

    Erin and Keith were fabulous! They were compassionate, helpful, and very responsive! They made the process very smooth and painless every step of the way.

    - Valerie W.

We Are Here to Help 

Free & Confidential Consultations
  • Please enter your first name.
  • Please enter your last name.
  • Please enter your phone number.
    This isn't a valid phone number.
  • Please enter your email address.
    This isn't a valid email address.
  • Please make a selection.
  • Please enter a message.