U.S. DISABILITY STATISTICS 2020
No matter the type of job you have, becoming disabled is definitely a possibility, and unfortunately a high majority of us aren't prepared mentally or financially for a situation of being disabled for a short or long period of time.
Here is a preview of what's ahead:
2019 Disability Statistics
Key Facts In 2019
The speed of people becoming disabled along with the absence of emergency savings, combined with the extreme rise in the cost of medical care has created a financial blind spot for many families. It is essential that we understand how to protect ourselves from this disaster waiting to happen.
The Most Common Reasons For Short-Term Disability Claims Are:
The Most Common Reasons For Long-Term Disability Claims Are:
General Disability Statistics
Disability By The Numbers
We Aren't Financially Ready
A Lot Of Us Are Disabled
Disability Statistics By Age
Chances Of Becoming Disabled By Age
Average Length Of Disability By Age
Long Term Disability Vs Death By Age (Odds)
Disability Insurance Statistics
We Don't Have Enough Coverage
If you have read even 1 of these statistics then you know that this doesn't look good for us, it is super easy to think that nothing is going to happen to us; however, the numbers just don't lie.
Obtaining some type of long-term disability insurance is essential to our overall financial survival .
The stats show that we are all underestimating our ability to become disabled and because of that, we aren't prepared for any of the financial realities when we actually become disabled.
Unexpected disabilities are destroying the financial stability of our families and affecting our ability to save for retirement, the only real way to stop this is to make sure you are covered.
While getting insurance is the best way to avoid financial hardship, there is help and aid available to those with long-term disabilities like Cancer.
Costs for surgery, other treatments and medication can really add up, so the government funded program, Temporary Assistance for Needy Families, can provide financial assistance for things such as rent, food, and medications for low income families.
Similarly, the Cancer Financial Assistance Coalition (CFAC) is a group that provides financial help to cancer patients with aspects such as child care, transportation and home care. You can also find a list of freebies for cancer patients here.
DATA COLLECTION INFORMATION