Disability Study: Income at Risk

Document Sample
Disability Study: Income at Risk Powered By Docstoc
					Allsup Disability Study: Income at Risk




       Examining income risk factors
         for people with disabilities

           2011 Second Quarter Review
                   July 2011
Allsup Disability Study: Income at Risk
The unemployment rate for people with disabilities jumped in the second quarter and continues to be
significantly higher than for those with no disabilities.


        Quarterly unemployment rates

           18%
                      16.1%                                                                                                        15.7%
           16%                                                                       15.6%
                                      14.8%                           14.8%                            14.5%          14.9%
                                                      14.3%
           14%
           12%
                                                             10.3%            9.3%           9.3%
                             9.3%           9.3%                                                                           9.3%
           10%                                                                                                 8.9%                        8.6%
             8%
             6%
             4%
             2%
             0%
                        Q3‐09          Q4‐09           Q1‐10            Q2‐10          Q3‐10            Q4‐10         Q1‐11          Q2‐11
                                                  People with  disabilities     People with  no disabilities



         During the second quarter 2011, the unemployment rate for people with disabilities reached its highest
         quarterly rate in nearly two years. For the second quarter 2011, people with disabilities experienced an
         unemployment rate more than 80 percent higher than people with no disabilities.

         Source: Allsup analysis based on U.S. Bureau of Labor Statistics data; not seasonally adjusted and includes those 16 and older.
Allsup Disability Study: Income at Risk
The unemployment rate for people with disabilities reached a record level in June.



        18-month unemployment rates



         20%                                                                                                                     16.9%
                                                            16.4%
                                  15.2% 14.7%                          15.6%                                15.4% 15.6%     15.6%
                 15.2% 13.8% 13.9%            14.4%                            14.8% 14.8% 14.5% 14.3% 13.6%          14.5%
         15%

         10%      10.4% 10.3% 10.1%
                                    9.3% 9.1% 9.4% 9.5% 9.3% 9.0% 8.8% 9.1%                                        9.7% 9.3%   8.9% 8.4% 8.5% 9.0%
                                                                                                          8.9%
           5%

           0%
                  10‐Jan. Feb.  March  April  May  June        July    Aug.  Sept.  Oct.        Nov.     Dec.  11‐Jan.  Feb. March April   May   June
                                                          People with no disabilities   People with disabilities




         Since the Bureau of Labor Statistics began tracking unemployment rates for people with disabilities in 2008,
         the unemployment rate for people with disabilities reached its highest rate of 16.9 percent in August 2009. In
         June 2011 – nearly two years later – the unemployment rate again tied the record. Also during the second
         quarter, the unemployment rate gap between people with and without disabilities widened. People with
         disabilities consistently have a higher unemployment rate and greater volatility in joblessness than those
         without disabilities.


         Source: Allsup analysis based on U.S. Bureau of Labor Statistics data; not seasonally adjusted and includes those 16 and
         older.
Allsup Disability Study: Income at Risk
Social Security Disability Insurance applications for the second quarter 2011 increased nearly 6 percent
compared to the first quarter 2011.


         SSDI applications



          2,000,000
                           1,460,594       1,480,740
          1,500,000
                                                                                  760,621
          1,000,000
                                                                      720,119
           500,000                                                                                        287,287
                                                                                               225,526
                    0
                                           First half       
                           First half                                 Q1 2011     Q2 2011      Jun‐10      Jun‐11
                          year 2010 year 2011

          The number of people applying for Social Security Disability Insurance benefits increased nearly 6 percent
          from the first quarter to the second quarter of 2011. Contributing significantly to this was a 27 percent
          increase in applications for the month of June 2011 compared to June 2010. Specifically, the number of
          applicants rose more than 60,000, from 225,526 in June 2010 to 287,287 in June 2011.

          For the first six months of 2011, SSDI applications are more than 1 percent higher than for the first six
          months of 2010.


          Source: Allsup analysis based on Social Security Administration data.
Allsup Disability Study: Income at Risk

    Background information


    About Allsup:
    Allsup is a nationwide provider of Social Security disability, Medicare and Medicare Secondary Payer compliance
    services for individuals, employers and insurance carriers. Founded in 1984, Allsup employs nearly 800
    professionals who deliver specialized services supporting people with disabilities and seniors so they may lead
    lives that are as financially secure and as healthy as possible. The company is based in Belleville, Ill., near St.
    Louis. For more information, visit www.Allsup.com.


    Allsup Disability Study:
    Allsup has been conducting the quarterly “Allsup Disability Study: Income at Risk” since 2009.

    Second quarter 2011 report: http://www.allsup.com/Portals/4/allsup-study-income-at-risk-q2-11.pdf
    Archive: http://www.allsup.com/about-us/news-room/income-at-risk-report-archive.aspx

    Source materials:
    U.S. Bureau of Labor Statistics, http://www.bls.gov/schedule/archives/empsit_nr.htm#2011
    Social Security Administration, http://www.ssa.gov/OACT/STATS/dibStat.html

    Allsup contacts:
    Rebecca Ray, (800) 854-1418 ext. 65065, r.ray@allsupinc.com
    Mary Jung, (773) 429-0940, mtjung@msn.com

				
DOCUMENT INFO
Shared By:
Categories:
Stats:
views:7
posted:10/21/2011
language:English
pages:5