From the Alliance for Retired Americans:
Millions of families face disability. In fact, according to the Social Security Administration, about 3 in 10 men and 1 in 4 women will become seriously disabled prior to reaching their Social Security retirement age.
Disability can cause severe, often unexpected, financial hardship. For instance, studies show that more than $1 million in retirement assets can be lost if a 50 year old experiences a two-year disability and does not have any disability insurance. By safeguarding against this risk, Social Security Disability Insurance (SSDI) protects against poverty during people’s retirement years.
Social Security also provides important benefits to disabled workers’ family members, especially their children, who account for over 20 percent of all disability beneficiaries (1.8 million).
Read more from Spotlight: Social Security and Workers with Disabilities »
En Español | Enfoque: Seguro Social Seguro de Discapacitados »