Social Security has finally issued updated statistics on payments of fees to attorneys and others for representing Social Security claimants.
As I say every time I post these stats, they are an analogue for the payment of benefits to claimants, since the attorney and claimant are generally paid at the same time. Surges and lulls in payments of these fees reflect surges and lulls in payment of benefits to Social Security claimants -- and, yes, there are dramatic surges and lulls, as those who compute and authorize payment of these benefits are called away from the regular jobs to answer Social Security's 800 number calls, a phenomenon which is referred to as "spiking." Here are the stats so far this year:
As I say every time I post these stats, they are an analogue for the payment of benefits to claimants, since the attorney and claimant are generally paid at the same time. Surges and lulls in payments of these fees reflect surges and lulls in payment of benefits to Social Security claimants -- and, yes, there are dramatic surges and lulls, as those who compute and authorize payment of these benefits are called away from the regular jobs to answer Social Security's 800 number calls, a phenomenon which is referred to as "spiking." Here are the stats so far this year:
Fee Payments | ||
|---|---|---|
| Month/Year | Volume | Amount |
Jan-08 | 20,559 | $75,368,163.45 |
| Feb-08 | 26,570 | $95,228,284.32 |
Mar-08 | 23,088 | $83,166,027.02 |
Apr-08 | 27,296 | $98,616,579.78 |
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