AdvertisementShe's one of many older Americans who shared with Business Insider in recent months how an unexpected medical crisis derailed their retirement plans and what they wish they'd done differently.
After her stroke almost 20 years ago, she began receiving slightly over $1,000 in monthly Social Security Disability Insurance; she now receives $1,688 in Social Security after cost-of-living adjustments.
Because of their medical conditions, most rely on two federal programs colloquially called "disability": Social Security Disability Insurance and Supplemental Security Income.
While 3.2% of workers covered by Social Security in 1999 were disabled workers who received Social Security insurance, this rose to 4% in 2023.
He gave up his retirement job shortly after the diagnosis, and they rely on about $62,000 a year in retirement income from Social Security and a pension.
Persons:
Vera Steward, hasn't, Rita Harper, Steward, they'd, she's, I've, Anita Clemons Swanagan, acromegaly, Clancy Morgan, she'd, —, Swanagan, Steve Perrigo, Perrigo, Paula Mastro, Mastro, Jan Lovell, Lovell, Duane MaGee, MaGee, He'd, we're
Organizations:
Business, Social Security Disability Insurance, Social Security, SSI, Social Security Administration, Allsup, Ford
Locations:
Columbus , Georgia, Illinois, Warren , Michigan