Tue, July 24th, 2012 - 5:25 am - By Gordon Basichis
It’s still a sluggish economy with new indications it may be slowing down even more. One sign, not a good one, is that more than 8 million workers have applied or are on disability.
According to CNSNews.com….”The 8,753,935 workers who took federal disability insurance payments in July exceeded the population of 39 of the 50 states. Only 11 states—California, Texas, New York, Florida, Illinois, Pennsylvania, Ohio, Michigan, Georgia, North Carolina and New Jersey—had more people in them than the number of workers on the federal disability insurance rolls in July.”
The ratio of people working as opposed to people now on disability is now 16 to one.