Social Security ensures important protections for all Americans, but it is of vital importance to Americans who become disabled. Here is why Social Security's disability insurance is so important to all Americans:
- Disability can affect anyone at any time. Three out of ten 20-year-old men and one out of four 20-year-old women will become disabled before reaching retirement age.
- A 30-year old worker earning $27,000 with a wife and two young children has Social Security disability insurance protection with a present value of f over $365,000
- Only about 23% of American workers have long-term disability insurance protection other than Social Security. Unlike Social Security, the private sector plans are generally less generous, not adjusted for inflation, do not cover children and dependent spouses of workers, and are not available to workers with pre-existing disabilities or other health problems.
- Without Social Security, 55 percent of disabled workers and their families would live in poverty.