The Real Benefit of Social SecurityBy Kenton Koszdin on September 14, 2020 | In Social Security Benefits
As we head into the winter season during a global pandemic, a time when the general public tends to more easily become ill, our priorities in life continue to shift and change each day. It can be more concerning for some than others, primarily those aged 60 and older. As we age, it can become more challenging to perform the same tasks we used to. It makes working difficult, especially when a person develops an illness or sustains an injury that leaves them disabled. For Americans holding a job that pays into Social Security, there’s an added sense of relief when we remember there’s a safety net like the Social Security program.
Established in August of 1935, Social Security has become a staple of the American dream.
If not for Social Security benefits, nearly 4 out of every 10 Americans aged 65 and older would earn wages below the poverty line. Through its establishment, the Social Security program, as we know it, has lifted over 15 million seniors out of poverty. A major factor contributing to these statistics is many elderly beneficiaries receiving Social Security benefits rely on those benefits for most of their income. This fact alone, in addition to the fact Social Security benefits will keep up with an increase in the cost of living, is enough to convince anyone that Social Security is worth learning about and paying into as early and as often as they can.
Considering Social Security Disability benefits were awarded to nearly 10 million people in 2019, it’s worth your time and energy to get ahead of the game and know what your options are before you need to apply to receive benefits. That’s where an experienced Social Security Attorney comes in. Contact our team at the Kenton Koszdin Law Office, Social Security Attorney in Van Nuys to schedule your free initial consultation today: 800-438-7734.