Senior Policy Analyst
Social Security Disability Insurance (SSDI) turns 62 today and, to mark the occasion, we’ve updated our chart book and backgrounder on this vital program, which provides modest benefits to workers who can no longer support themselves due to a serious and long-lasting medical impairment.
Each day, about 10,000 baby boomers celebrate their 65th birthday. As the large baby-boom generation moves from working age to retirement age — a shift that will end by 2030 — demographic pressures on SSDI are easing, leading to a smaller pool of applicants (see graph) and fewer beneficiaries overall. These trends have improved SSDI’s financial outlook.
SSDI’s improving finances are good news for all Americans, including: