The unemployment rate for people with disabilities has climbed for the fourth consecutive quarter, reaching its highest rate since tracking began in 2008, according to a study conducted by Allsup (a nationwide provider of Social Security Disability Insurance representation and Medicare plan selection services). The Allsup Disability Study: Income at Risk revealed that people with disabilities experienced an unemployment rate more than 85% higher than the unemployment rate for people with no disabilities during the third quarter of 2011. The unemployment rate averaged 16.3 % for people with disabilities compared with 8.8% for people with no disabilities during that time.
According to the study, 737,468 people with disabilities applied for SSDI during the third quarter of 2011 -- down 3% from the previous quarter. Nearly 2.22 million people have filed disability claims so far this year. Since the recession began (the last quarter of 2007), more than 10.8 million people have applied for SSDI. About 1.8 million SSDI claims are currently pending with an average cumulative wait time of more than 800 days. In September, there were nearly 8.5 million workers with disabilities receiving SSDI benefits, with an average monthly benefit of $1,070.40. For people who think they qualify for SSDI, Allsup recommends learning the process and applying as soon as possible.
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