Many reasons: Boomers shifting to retirement benefits; low unemployment; gig economy makes it easier than ever to drop in and out of the workforce; more widespread healthcare coverage through exchanges. The list goes on…
It was exactly as predicted when the furor arose over the increase in the disability rolls back in 2014. But, telling people that was the cause, when they chose to believe that somehow the ALJs were just giving it all away, didn't impress.
What will they use to justify the changing in the disability rules rumored to be in the works?
Mostly baby boomers aging into RIB. And the increase caused by people age 65-67 staying on DI has now run its course. Also more people awaiting disability determinations--that delays awards and deters people from applying for DI (some may opt to claim early retirement instead). Add in the excess deaths in 2020-2022 (can't apply for or receive DI if you died) and various economic factors.
Have you read that the participation rate of the labor market has steadily been going up? Secondly, are you aware that Medicaid is due for a trillion dollar cut after the midterms? Your statement falls into the alternative facts talking points.
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Many are giving up since the service is so bad. Expect the disability applications to increase once the unemployment rate goes up.
I would guess it's that as baby boomers convert from DIB to RIB at FRA they are not being replaced on a 1-to-1 basis with younger DIB recipients.
Wouldn't it be because Baby Boomers are again into Retirement?
Many reasons: Boomers shifting to retirement benefits; low unemployment; gig economy makes it easier than ever to drop in and out of the workforce; more widespread healthcare coverage through exchanges. The list goes on…
This.
The drop correlates to when I joined the agency LOL.
It was exactly as predicted when the furor arose over the increase in the disability rolls back in 2014. But, telling people that was the cause, when they chose to believe that somehow the ALJs were just giving it all away, didn't impress.
What will they use to justify the changing in the disability rules rumored to be in the works?
Mostly baby boomers aging into RIB. And the increase caused by people age 65-67 staying on DI has now run its course. Also more people awaiting disability determinations--that delays awards and deters people from applying for DI (some may opt to claim early retirement instead). Add in the excess deaths in 2020-2022 (can't apply for or receive DI if you died) and various economic factors.
Have you read that the participation rate of the labor market has steadily been going up? Secondly, are you aware that Medicaid is due for a trillion dollar cut after the midterms? Your statement falls into the alternative facts talking points.
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