**Written by Doug Powers
The number might actually be higher than reported below, because there’s a better than average chance that the guy collecting the data went on disability before finishing the count.
From CNS News:
A record of 8,733,461 workers took federal disability insurance payments in June 2012, according to the Social Security Administration. That was up from 8,707,185 in May.
It also exceeds the entire population of New York City, which according to the Census Bureau’s latest estimate hit 8,244,910 in July 2011.
There has been a dramatic shrinkage in the United States over the past 20 years in the number of workers actually employed and earning paychecks per worker who is not employed and is taking federal disability insurance payments.
According to the CNS analysis of Bureau of Labor Statistics data, in 1992 there was one person taking disability payments for each 35.5 people actually working. In January of 2009, that ratio was 1/19.1. Today it’s 1/16.3 and moving down fast. At some point the pyramid will collapse from the weight, and those who were straining at the bottom trying to hold it up will have to go on… you guessed it: disability.
Many are also applying for disability after their unemployment runs out.
Here’s an April 2012 snapshot from Investor’s Business Daily showing the steady, unsustainable rise:
**Written by Doug Powers
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