Many Americans Don’t Understand How Social Security Disability Works
Did you know that 20-year-olds today have more than a 25% chance of becoming disabled before they turn 67? That’s a daunting figure, and something they should consider when they start planning for retirement- if you have kids around this age, make sure to talk to them about this possibility. It is better for them to start saving now in order to cover bigger medical costs in the future.
But what about the older generation? Well, many seniors don’t know how Social Security disability benefits work at all.
In fact, these benefits will automatically convert to retirement benefits, with the amount staying the same. There is no need for you to make any changes regarding your disability benefits.
