The State Farm® Center for Women and Financial Services at The American College released study titled, Women and the Risk of Disability: Insights from a Landmark Study which claims that women are at higher risk of physical disability and financial difficulties resulting from disability. The Center is a training facility for financial services professionals based in Bryn Mawr, Pennsylvania.
A press release announcing the survey states:
The incidence of disability for females has risen at a disproportionate rate relative to males, according to data from the Social Security Administration. Specifically, between 1999 and 2009, Social Security Disability Insurance (SSDI) applications for men grew by 42 percent vs. an increase of 72 percent for women.
It goes on to explain:
Data from Centers for Disease Control and Prevention (CDC) shows women are increasingly more likely to experience a disabling condition during their working and senior years. Arthritis, the leading cause of disability among adult Americans, is more than twice as likely to affect women as men.
Single women are especially financially vulnerable – more than one in four (28 percent) see the consequences of disability as “totally devastating.” Married women are also at risk; they are more likely (20 percent) than married men (11 percent) to say they are concerned that their spouse will become disabled and unable to work.
Employer-sponsored plans are the most common means of disability insurance, however less than half have this benefit with women less likely than men (45 percent vs. 51 percent) to be covered. Female entrepreneurs are at even greater risk.
To read the survey at its source, visit: http://womenscenter.theamericancollege.edu/uploads/documents/Women-and-the-Risk-of-Disability-Study-5-4-12-v1a.pdf
John Tucker represents women in all different types of occupations who became disabled and made Disability Insurance benefit claims. If you need assistance from a Disability Attorney, call John at (866) 282-5260 for a free consultation.
