I’ve written before (here and here) about Social Security Disability. Well, ti’s time for an update.
Yeah, the Social Security Disability rolls set another record last month. In April 2014, according to the Social Security Administration nearly 11 million Americans (10,996,447) were receiving Social Security Disability benefits.
This total was an increase of over 15,000 from the previous month.
Nearly 9 million of those receiving benefits – 8,942,232, to be precise – were disabled workers. The other 2+ million beneficiaries were spouses and children.
The fraction of America receiving Social Security disability continues to rise also. In 1967, 2 million were receiving Social Security disability benefits – out of a population of roughly 198.7 million. That was about 1.01% of the US population.
Today, the Census Bureaus says the US population is roughly 318 million. Doing the math, that means that nearly 3.5% of the US population (3.46%) is currently drawing Social Security disability benefits.
The number of people drawing Social Security disability benefits today is greater than the estimated population of Tunisia. The number is approaching the population of Cuba.
Any questions regarding why the SSA is now saying that the Social Security Disability Fund will go broke in about 2 years?
The CNS article has an excellent graph showing the number of Social Security Disability recipients by year, but it’s scaled rather small and doesn’t display that well in their article. Click here to see that graph as a separate image.
We are so screwed.