Most working Americans contribute a portion of each of their paychecks to Social Security programs to help ensure income upon retirement or after a disability.
Statements outlining the status of Social Security benefits are mailed to workers every five years. This gives potential beneficiaries a better understanding of how much they can expect to receive if they need benefits. But it’s important to remember these statements are just an estimate, and that there are several factors affecting Social Security benefits.
According to TIME magazine, one variable that can significantly alter benefit amounts is inflation. As the value of the dollar rises and falls, Americans can expect to see fluctuations in the amount of money they receive from Social Security. Other factors that could have a dramatic effect on benefit amounts include changes in costs associated with daily living expenses, changes in earnings, and reforms enacted by Congress.
So what can you do to help ensure you get all of the benefits you’re owed? Speaking with a Social Security Disability attorney about your legal rights can help.
At Fleschner, Stark, Tanoos & Newlin, our team has decades of combined experience assisting people seeking benefits from the Social Security Administration, and we can do the same for you. Call us anytime at (866) 684-3388 to get the help you need today.