This statistic is startling: 7 in 10 employed Americans would feel the financial pinch in a month or less without their paycheck. And when you dig a bit deeper, you find that 1 in 4 working Americans would feel the pinch immediately. These are just some of the findings from the survey Life Happens conducted called \u201cWhat Do You Know About Disability Insurance?\u201d<\/p>\n
The question is, what would happen if these people were sick or injured and unable to work? Only 20% of working Americans say they have disability insurance<\/a>\u00a0(The 2018 Insurance Barometer Study<\/a> by Life Happens and LIMRA). This is a recipe for financial disaster.\u00a0Let’s get the information out there about how important\u00a0disability insurance is if you work and rely on your paycheck. Click to tweet these stats below!<\/p>\n [If you use these statistics in any other materials, please source as: Source: \u201cWhat Do You Know About Disability Insurance?\u201d Life Happens, 2018]<\/p>\n7 in 10 employed Americans (71%) would feel a financial pinch in one month or less without their paycheck. <\/a><\/span>Share on X<\/a><\/span>\nThe majority of employed Americans (58%) know very little or nothing at all about their disability insurance. <\/a><\/span>Share on X<\/a><\/span>\nMore than 1 in 4 employed Americans would first look to their family, partner or friends for financial support if they became disabled and unable to work. <\/a><\/span>Share on X<\/a><\/span>\nNearly half of employed Americans (46%) would feel financially burdened in 2 weeks or less without a paycheck. <\/a><\/span>Share on X<\/a><\/span>\nEmployed Millennials are the generation least knowledgeable about disability insurance. <\/a><\/span>Share on X<\/a><\/span>\nMore than 1 in 4 working women (29%) know nothing about their disability insurance. <\/a><\/span>Share on X<\/a><\/span>\nOnly 21% of Millennials would look for financial support from disability insurance if they became sick or disabled and unable to work. <\/a><\/span>Share on X<\/a><\/span>\nEmployed Americans are twice as likely to be knowledgeable about their favorite TV show as they are about their disability insurance (88% vs 41%). <\/a><\/span>Share on X<\/a><\/span>\n[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section]\n\n","protected":false},"excerpt":{"rendered":" This statistic is startling: 7 in 10 employed Americans would feel the financial pinch in a month or less without their paycheck. And when you dig a bit deeper, you find that 1 in 4 working Americans would feel the pinch immediately. These are just some of the findings from the survey Life Happens conducted […]<\/p>\n","protected":false},"author":4,"featured_media":1342,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":"2880","footnotes":""},"categories":[5],"tags":[64,154,158,159,156,153,155,157],"class_list":["post-1341","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-disability-insurance","tag-disability-insurance","tag-disability-insurance-awareness-month","tag-employed-adults","tag-employed-americans","tag-study","tag-survey","tag-what-do-you-know-about-disability-insurance","tag-working-women"],"acf":[],"yoast_head":"\n