Did you know that having a disability makes debt far more likely? In fact, a large portion of people who are in debt have reached that point because they have some form of disability. This affects their job and whether or not they can work at all. It can destroy their quality of life. But it’s not just the disabled. Anyone who experiences a physical injury may find their finances are hit and there’s good reason for that.
Expensive Hospital Bills
The first issue to take into account is the cost of recovery. One of the biggest driving forces of debt in the world today is hospital bills. Depending on the injury, treatment can cost thousands that average people don’t have readily available in savings. Instead, they have to borrow the money, and they may need to take out a short-term loan to cover the costs. These can be debt traps and will ultimately make the situation a lot worse. However, if patients don’t get the right type of treatment the situation can be even more dire. Their health may deteriorate to the point where they are unable to hold a permanent job.
Losing The Wage
Once you are injured, you might find yourself unable to work for a short or extended period of time. The longer you are out of work, the more dangerous it is for your future career. Everyone knows that an extended time off work looks terrible on a resume, but that’s not the only issue. During this point, you may be relying on benefits to get by, but they may not cover everything. Again, this could result in borrowing which often leads to further debt.
You might think that if you’re injured, and it’s not your fault, there is always fair compensation. This isn’t the case at all, and in many instances, there is always someone fighting to make sure you get nothing in an injury case. This could be an employer, a business owner or even a member of the general public who was, legally accountable for your injury. To make sure you get a fair payout, you will need a personal injury attorney. They can make sure that you aren’t left with nothing when an injury stops you from working.
It’s possible that an injury has kept you out of the office for good. This is usually the outcome in patients with severe chronic pain. But that doesn’t mean you have to be unemployed. Indeed, these days there are plenty of jobs that you can complete from home such as a freelance writer. Therefore, an injury doesn’t have to mean a permanent end for your fixed income.
That said on some level with a more permanent injury you will be dependent on benefit payments. The problem is that on occasion you might find your benefits under threat. There will always be people fighting to make sure you lose the benefits you need. That’s why you need to make sure you have evidence and records of your injury to ensure you keep receiving the money you might desperately require.