SSDI Benefits: Increasing Dependence on Disability Will Exhaust Funds by 2016

The combination of increasing Social Security Disability Insurance (SSDI) beneficiaries, fewer beneficiaries terminating their benefits, and a smaller workforce contributing into the fund through payroll taxes has taken a major toll on America’s disability insurance trust fund.

In 2011, the Trustee’s Report concluded that the disability insurance fund would be completely gone by 2018. In April 2012, just one year later, the Trustee’s Report concluded that the fund would be exhausted by 2016. If we keep going at that rate, next year we can speculate that the funds may be exhausted by 2014!