2013 Disability Insurance Statistics

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Disability Insurance Statistics - DisabilityInsuranceForYou.com

The top 15 reasons every working American needs paycheck protection!
  • Just over 1 in 4 of today’s 20 year-olds will become disabled before they retire.
    (Social Security Administration, Fact Sheet March 18, 2011)
  • New Social Security Disability Insurance (SSDI) applications increased 21% from 2.3 million in 2008 to 2.8 million in 2009. Two major drivers of this significant increase were the poor economy/high unemployment rate and the aging of America’s working population
    (Social Security Administration, Disabled Worker Beneficiary Statistics, ssa.gov)
  • In December of 2010, there were over 2.5 million disabled workers in their 20s, 30s, and 40s receiving SSDI benefits
    (Social Security Administration, Disabled Worker Beneficiary Statistics, ssa.gov)
  • The average long-term disability claim duration is 31.2 months
    (2010 Gen Re Disability Fact Book)
  • Over 36 million Americans are classified as disabled; about 12% of the total population. More than 50% of those disabled Americans are in their working years, from 18-64.
    (U.S. Census Bureau)
  • One in eight workers will be disabled for five years or more during their working careers
    (Commissioner’s Disability Insurance Tables A and C, assuming equal weight by gender and occupation class)
  • 64% of wage earners believe they have a 2% or less chance of being disabled for 3 months or more during their working career. The actual odds for a worker entering the workforce today are about 30%
    (Social Security Administration, Fact SheetMarch 18, 2011)
  • Approximately 90% of disabilities are caused by illnesses rather than accidents.
    (Council for Disability Awareness, Long-Term Disability Claims Review, 2011)
  • Medical problems contributed to 62% of all personal bankruptcies filed in the U.S. in 2007, a 49.6% increase over results from a similar 2001 study.
    (The American Journal of Medicine, June 4, 2009 Medical Bankruptcy in the United States, 2007: Results of a National Study; David U. Himmelstein, MD, Deborah Thorne, PHD, Elizabeth Warren, JD, Steffie Woolhandler, MD)
  • 65% of initial Social security Disabilty claim applications were denied in 2009
    (Social Security Administration, Disabled Worker Beneficiary Statistics, ssa.gov)
  • One out of every 20-year-olds will be disabled for more than three months at some point in their lives.
    (Statistics, ssa.gov)
  • About 100 Million Workers are without private disability income insurance
    (Social Security Administration, Fact Sheet March 18, 2011)
  • Less than 5% of disabling accidents and illnesses are work related. The other 95% are not, meaning Workers’ Compensation doesn’t cover them.
    (Council for Disability Awareness, Long-Term Disability Claims Review, 2011)
  • One in three Americans between ages 35 and 65 will become disabled for more than 90 days
    (Statistics, ssa.gov)
  • One in seven workers will be disabled for more than five years.
    (Social Security Administration, Disabled Worker Beneficiary, Statistics, ssa.gov)

Disabilities Do Happen and a Disability Insurance Income Protection Plan is the only true way to protect yourself!
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