Social Security Disability Trust Fund Faces Insolvency

The Great Recession and the aging of baby boomers, has placed a double whammy on the Social Security Disability trust fund. Compared to just a decade ago, the number of Social Security Disability applications are up approximately 50%. As people with disabilities lose their jobs due to the recession, they often are forced to look to Social Security Disability in order to survive.

The impact of the stampede of applications has had 2 impacts: 1. The backlog of cases has led to waits of processing times as much as 2 years. Individuals waiting that long sometimes becomes homeless and there have been reported cases of suicide. 2. The growing number of Social Security recipients, according to some congressional reports, may cause the system to become insolvent, as early as 2017.

Attorney and Social Security lawyer Randy Zeldin, Esq., represents applicants for Social Security Disability throughout South Florida, including Boca Raton, Delray Beach, Boynton Beach, Deerfield Beach and Pompano Beach.

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