Social Security Disability Funds Drying Up
August 22, 2011
A rising number of Social Security Disability and retirement claims are adding stress to the already strained Social Security system and could exhaust funds as early as 2017. In an article posted by Today’s THV, new congressional estimates showed a rise in claims by more than 50 percent over the last ten years–an increase leaving many new applicants waiting up to two years before receiving benefits.
According to the studies findings, trust funds supporting the disability program will run dry in 2017, and the retirement program’s fund follows two years later. The government would then rely on taxed funds to support the program, leaving them only able to pay fractions of benefits to recipients.
With the social security system in the terrible shape it is in, with waits as long as two years for benefits, and findings showing most recipients are denied claims several times before finally getting the help they need, what is the best way to handle a claim for Social Security Disability benefits? Arkansas Social Security Disability Attorney, Jeremy McNabb, with the firm, Rainwater, Holt & Sexton, says calling a lawyer is the first step.
He stated in an interview, an attorney may help cut the red tape of the claim and look at the case from the judge’s perspective.
The Arkansas Social Security Disability Attorneys with Rainwater, Holt & Sexton are available to speak with clients confidentially anytime. They can be contacted toll-free at (800) 434-4800 or you can request a free online consultation.