If You Love (and Need) Your Paycheck, Check Out These Tweetable Facts

Without your paycheck, how long would you be able to make your mortgage or rent payment, buy groceries or pay your credit card bills without feeling the pinch? If you’re like most, it wouldn’t be long at all: Half of working Americans couldn’t make it a month before financial difficulties would set in, and almost one in four would have problems immediately, according to a Life Happens survey.

May is Disability Insurance Awareness Month, and you can spread the word about the importance of protecting your income with disability insurance. Below are statistics and information that are “tweetable,” meaning you can share them simply by clicking on the fact you’d like to tweet and the tweet will be automatically generated for you. And be sure to follow us on Twitter at @lifehappens.

Tweet63% say most people need disability insurance to protect their income, but only 29% own it. http://lifehap.pn/1jIJq20 #DIstats
(Source: 2014 Insurance Barometer Study, Life Happens and LIMRA)

TweetHalf of workers are worried about supporting themselves if they were ill/injured and couldn’t work. http://lifehap.pn/1jIJq20 #DIstats
(Source: 2014 Insurance Barometer Study, Life Happens and LIMRA)

Tweet1 in 4 workers would struggle with $$ immediately if they were disabled and couldn’t work. http://lifehap.pn/1jIJq20 #DIstats
(Source: The Disability Survey conducted by Kelton Reseach on behalf of Life Happens, April 2012)

TweetHalf of workers couldn’t make it a month without a paycheck before having financial difficulties. http://lifehap.pn/1jIJq20 #DIstats
(Source: The Disability Survey conducted by Kelton Reseach on behalf of Life Happens, April 2012)

TweetOnly 1/3 of workers have access to a disability insurance plan through work. http://lifehap.pn/1jIJq20 #DIstats
(Source: Employee Benefits Survey, U.S. Bureau of Labor Statistics, March 2012)

TweetIllnesses, not accidents, are the cause of most (90%) disabilities. http://lifehap.pn/1jIJq20 #DIstats
(Source: Council for Disability Awareness, Long-Term Disability Claims Review, 2013)

TweetA 45 y/o worker making $50k who suffers a permanent disability could lose $1,000,000 in future earnings. http://lifehap.pn/1jIJq20 #DIstats
(Source: US Census Bureau Survey on Income Program and Participation)

TweetThe average disability payment from the government is just $1,111 a month. http://lifehap.pn/1jIJq20 #DIstats
(Source: US Social Security Administration, Program Fact Sheet, June 30, 2012)

Leave a Comment

Start planning your LIFE today Close