Do you know somebody on disability? If not, you probably know somebody who knows somebody who is. In recent years, the rates of Americans on disability of some kind has skyrocketed. In the last 20 years, the number of people on Social Security disability rolls has more than doubled to 8.5 million, which when you add in family members and children, really brings that tally closer to 11.5 million. Some $124 billion is spent on disability every year, or one out of every five Social Security dollars. In 1988, disability spending accounted for one out of every eight Social Security dollars. What happened? It’s not so much that more people are disabled. It’s that disability got easier to qualify for, work got harder to find, and Social Security became a way to simply pay lots of 50-somethings to forget about working ever again.
Medicare managers' new spreadsheets suggested that Medicare drug plan growth may have stalled.
The company will start out offering the feature with its Equi-Vest group variable annuity contract.
Spending on home health care and durable medical equipment could increase a lot faster.
Sponsored by American Portfolios
Making sure customers are satisfied is no longer enough. Discover six ways to delight your clients, while solidifying your bond.
Sponsored by FTJ | FundChoice
You need a way to effectively manage client expectations, especially when the market makes erratic swings. Answers to three key questions will give you a great place to start.
Don’t miss crucial news and insights you need to make informed investment advisory decisions. Join ThinkAdvisor.com now!
- Free unlimited access to ThinkAdvisor.com which provides advisors, like you, with comprehensive coverage of the products, services and trends necessary to guide your clients in making critical wealth, health and life decisions.
- Exclusive discounts on ALM and ThinkAdvisor events.
- Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.
Copyright © 2019 ALM Media Properties, LLC. All Rights Reserved.