Is Social Security Disability Program Really Broke?
Aug 23
Social Security, social security disability social security disability No Comments
News about the Social Security disability program going bankrupt is cause for alarm to many disability claimants and applicants.
But what is the real story?
A report by the Washington Post said the Social Security disability program is on the verge of insolvency as it is currently being swept by the “flood of benefit claims” filed by laid-off workers and baby boomers.
This current situation is blamed mostly on the large number of claims which, over the years, resulted in the growing backlog of cases that took mostly years to be resolved. Further, it has contributed to the worsening problem of a federal program that has been financially strapped over the years.
What caused this problem?
The US Congress has estimated that Social Security disability trust fund will run out by 2917 and would be unable to pay full benefits to claimants. Together with the retirement program, the combined fund would run out of money in 2038.









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