SSDI – The ultimate safety net for workers
Statistically, one in four workers now 20 years old will become disabled at some point in their working career. And with the American workforce evolving to a so-called “gig economy” (contractors & part time workers vs. traditional employees with benefits), knowing that about 1/4th of workers may eventually become disabled exposes a potential issue: How can those employees without corporate sponsored disability insurance survive if they become disabled? The answer lies within the Social Security system which insures workers who pay FICA payroll taxes against loss of income due to disability. True, there are some eligibility criteria which must be met, but Social Security Disability Insurance (SSDI) can and does act as a safety net for millions of American workers, as explained in this Kiplinger article by Allsup’s Michael Stein. Click here to read more.
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