Will Unemployed Turn to Disability?

03-6-2014

Will Unemployed Turn to Disability?

Benefits for the unemployed have disappeared with the start of the New Year. Without an emergency aid program, Congress has no means of assisting the 1.3 million Americans without jobs. There is a possibility that these workers will apply for disability insurance, but there’s little evidence to show this will occur.  The latest reports show that people haven’t been turning to disability after their unemployment benefits have lapsed. So, what will they do?

The latest idea is that workers will use disability as a safety net when unemployment runs out posing a huge predicament for the economy. Multiple states have cut back unemployment benefits during the recession, without noticing an increased volume in disability applications. In fact, disability applications tend to increase when unemployment benefits became more generous. But, with around 2 million added to the unemployment bucket, there’s a great chance many of them will drop out of the workforce altogether.

Related Posts

A few tips to stay safe on the road during Memorial Day weekend.

Looking forward to Memorial Day? Warm weather, sunny skies, and a three-day weekend are in the near future for many as the holiday draws near. Unfortunately, traffic jams and auto…

Read More

Texting While Driving Now Illegal in the City of Charleston

Flickr: IntelFreePress Texting behind the wheel is now illegal in the city of Charleston. The ban was passed in October 2013, and allowed for a 30-day education period informing drivers…

Read More