Friday, July 6, 2012

The Disabled Economy

More workers joined the federal government's disability program in June than got new jobs. The workplace must be getting more dangerous?
According to the BLS, there were 80,000 new jobs created in June. But that same month, 85,000 workers left the workforce entirely to enroll in the Social Security Disability Insurance program, according to the Social Security Administration. While the economy has created 2.6 million jobs since June 2009, fully 3.1 million workers signed up for disability benefits. And the "disability" ranks should continue to swell. In just the last month, almost 275,000 put in applications for disability benefits, and changes to eligibility rules enacted back in 1984 have made it far easier to qualify.



Tired of working? Tired of trying to find work? Just go on "disability" and let someone else pay for your expenses.







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