Also in this playlist...
This transcript is automatically generated
The number of people on disability continues to climb but in new report shows that -- system could be out of money in three years.
The latest jobs report for march shows that there are nearly nine million people collecting Social Security disability benefits in the United States.
-- system that the Wall Street Journal is reporting will be broke by 2016.
-- this report comes as a quarter the people who have left the workforce since the recession are on Social Security disability.
And there's no incentive for them to come back to work because the disability payments are so high.
But the trust fund runs out.
Benefit payments -- nonstop.
But officials will have to reduce the amount of money paid out -- that we keep the current levels is -- These taxes or move money from another program.
In its most recent reports.
Security trustees say congress will need to step in before the funds run dry.
Payment of full disability benefits beyond 2016.
When tax income could cover only -- 9% of the scheduled benefits.
Will require legislation to address the financial amounts.
-- -- foxbusiness.com.
For more in New York I'm Tracy Byrnes.
Filter by section