Social Security is in dire straits. Each week, major news publications and networks release a story of just how badly the program is hurting, reminding us all that Social Security funding will run out soon. There is a sense of doom and gloom when it comes to the future of Social Security, and with a presidential election looming, it will only be emphasized that action is needed.

One effect of the media highlighting Social Security’s impending demise is that young people everywhere are assuming that Social Security will not be around for them when they retire. The most common Band-Aid suggested to fix Social Security is to move funding from the retirement side of the program to the disability fund, which seems to only solidify the idea that twenty- and thirty-somethings will have nothing to draw from when their retirement card is up.

In addition to the idea that retirement funds won’t be available, a shakily-improving job market is still challenging for many younger workers to break into. This has left an entire generation seeking jobs in less traditional fields, often in freelance, contract, or payment-under-the-table-type jobs. Others opt to continue their education indefinitely until they find a job that suits them. This mindset, however, leaves the younger generation out of a very important benefit that they could receive—Social Security Disability Insurance.

Young Workers Should Not Lose Faith in Social Security

While the feeling of invincibility of the younger crowd often prevents them from planning for a life with disability, the Social Security Disability Insurance program is an important benefit that many are unintentionally discounting.

By withdrawing from the traditional workforce, younger workers are damaging their ability to collect Social Security disability benefits in the event that they suffer a permanent disability. Even if they reenter the workforce at a later date, they are only pushing back their eligibility date for disability benefits (the current system is based on earned work credits, and older workers require more work credits to collect SSDI benefits).

While many people can plan for retirement with private accounts, planning for a lifelong disability is another game altogether. While SSDI payments are far from lavish, these benefits are an important financial lifeline for workers whose injuries prevent them from working for a year or more. Building and maintaining eligibility for these benefits is an easy way to ensure peace of mind in an uncertain world.

Has a Disability Prevented You From Working? Investigate the Possibility of SSDI Today

No matter your age, if you have worked steadily and paid taxes, you are likely eligible for Social Security disability benefits. If you have suffered an injury or illness that has left you with a disability, explore your options today—and be sure to include SSDI in your search. For help determining your eligibility or appealing a decision, reach out to my firm today by clicking on the live chat feature now.

Manfred Ricciardelli
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Morristown Workers' Compensation Lawyer