The Hidden Costs of a Disability

The Money with Katie Show

Money with Katie

Self-improvement, Education, Business, Investing, How To

4.8 • 1.3K Ratings

🗓️ 22 March 2023

⏱️ 24 minutes

🔗️ Recording | iTunes | RSS

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Summary

It’s estimated that one in every four American 20-year-olds today will experience a disability before they turn 67, but a whopping 65% of workers in the private sector don’t carry long-term disability insurance (per our pals at the Social Security Administration). This week, I’m joined by two Rich Girls who are sharing their stories about the little-known financial implications of experiencing a disability unexpectedly—and early in life. Learn more about our sponsor, TaxAct: https://www.taxact.com/moneywithkatie Transcripts can be found at podcast.moneywithkatie.com. — Mentioned in the Episode The Inclusive Traveler Instagram: https://www.instagram.com/theinclusivetraveler/ 1 in 4 adults in the US live with a disability: https://www.cdc.gov/ncbddd/disabilityandhealth/infographic-disability-impacts-all.html Healthcare blog posts on Money with Katie: https://moneywithkatie.com/blog/category/healthcare — Follow Along at Money with Katie: https://moneywithkatie.com/ Watch on YouTube: https://www.youtube.com/@MoneywithKatie Follow Money with Katie! - Instagram: https://www.instagram.com/moneywithkatie/ - Twitter: https://twitter.com/moneywithkatie Subscribe to The Money with Katie Newsletter - Sign up for free today: https://www.morningbrew.com/money-with-katie/subscribe/2 Follow the Brew! - Instagram: https://www.instagram.com/morningbrew/ - Twitter: https://twitter.com/MorningBrew - TikTok: https://www.tiktok.com/@morningbrew Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Welcome back to The Money With Katie Show, Rich Girls and Boys.
0:10.1	I'm your host, Katie Gadi Tossan, and today we are discussing the hidden costs of living
0:16.7	with a disability.
0:18.3	Unlike many other minority groups, this is a group that any person can join at any
0:23.8	time and will likely be part of at some point in their lives, whether through an accident,
0:29.5	illness, a genetic condition, or the inevitable process of aging.
0:34.7	Disabilities can be visible or invisible.
0:45.7	They can completely change your life or only impact certain aspects of it.
0:49.9	But we often don't discuss the costs associated with living with a disability.
0:55.8	For the obvious costs, like health care and accessibility devices, but there are also
1:00.1	costs that accompany outfitting a home properly, paying for care and assistance from a human
1:05.3	if necessary, as anyone with an aging parent or a child with a disability knows.
1:11.1	The challenges of mobility and transportation, if disability is physical, and more.
1:16.6	And because this is not a topic that I have first-hand experience with, Jenny Burke and
1:20.6	Kelsey Ibok of the Inclusive Traveler are joining me today.
1:24.8	Jenny and Kelsey run an accessibility-focused travel community that spreads awareness about
1:30.3	living with a disability.
1:34.1	We'll be right back after a message from the sponsors of today's episode.
1:45.0	Jenny, Kelsey, welcome to the show.
1:47.5	Thank you so much for joining me today.
1:49.9	Thanks.
1:50.9	Thanks.
	...

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