Ads 468x60px

Tuesday, October 30, 2012

Disability Claims Hit another Record High this October

According to a recent news report published by CNS News, the number of American wage earners collecting disability benefits has hit another record-breaking high this October.

Accordingly, as per a record released by the Social Security Administration (SSA), the total number of disabled workers collecting disability benefit claims as of  this month  has reached 8,803,335—up from the previous record of 8,786,049 set last month.

Incidentally, during the first month of President Obama’s administration way back in 2009, there were a total of 7,469,240 workers collecting federal disability insurance.

Consequently, so far, the said figure has increased by 1,334,095. The same resulted in a total increase of about 29,646 per month or an average of about 975 per day.

Moreover, during George Bush’s presidency, the number of wage earners collecting federal disability insurance reached a total of 7,442,377 in January 2009 from 5,067,119 in February, 2001. The figure then has increased by 3,375,358 and equated an average total increase of about 24,742 per month or 813 per day.

Unfortunately, it is highly possible that such figures may lead to comparison between the two administrations. Also, it could provoke the ongoing political issues between the current U.S. presidential candidates.

Most probably, the current administration’s political opponent would not miss this opportunity to turn this issue to his advantage.

Although almost everyone is aware that the Social Security fund has been struggling these past few years as a result of the global economic recession, it can’t be avoided that blames regarding such issues will be put on a particular country’s current administration.

Basically, the current U.S. administration knows that this could be taken against him by his opponent since the deflating social security fund is becoming a hot topic in line with the presidential election, a Los Angeles permanent disability lawyer commented.