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Study Finds Women Are Most At Risk for Disability

A new study released by The State Farm Center for Women and Finanacial Services at the American College has found that women are most at risk both physically and financially when it comes to disability.According to an article on MarketWatch.com, 50% of women said that if they became disabled the impact on their household’s finances would be at least “somewhat devastating.” The study found that 18% of women compared to 12% of men are “extrememly concerned” about how a disability would affect their financial situation. And it appears that women are more likely than men to develop a disability in the first place.

The Centers for Disease Control and Prevention (CDC) has data that shows women are more liekly to experience a disabling condition during their working years and senior years. For example, arthritis, the leading cause of disability among adults, is more than twice as like to affect women as men. According to data from the Social Security Administration, between 1999 and 2009 applications for women for Social Security Disability (SSDI) increased by 72 percent, while applications for men increased by 42 percent.

Although employer-sponsored plans are the most commonly used disability insurance, less than half have this benefit, with women less likely than men to be covered.

If you find that you have become disabled and can no longer work, applying for Social Security Disability can be a daunting task. But you don’t have to go it alone. Contact the Social Security Disability attorneys at Michael J. O’Connor & Associates for a free review of your case.