Disability -- any condition of the body or mind (impairment) that makes it more difficult for the person with the condition to do certain activities (activity limitation) or to interact with the world around them (participation restrictions) -- is part of the human experience and impacts all of us. According to the Centers for Disease Control and Prevention (CDC), 61 million adults, or 26% of adults in the U.S., are living with a disability.
If you or a loved one may be disabled and working or in school, it’s essential to understand the Americans with Disabilities Act (ADA), passed in 1990. Let’s dive deeper into what it’s all about.
What is the Americans with Disabilities Act?
The ADA is a federal law that makes it illegal for an employer of 15 or more people to discriminate against a disabled person regarding employment opportunities, access to transportation like buses or transits, public accommodations such as hotels and restaurants, and government activities like voting.
Under the ADA, employers, governments, and labor unions not only are forbidden from discriminating against those with disabilities but also must make reasonable accommodations designed to make that work more accessible, easier, or comfortable for the disabled person. Reasonable accommodations might include changing a work schedule or modifying a facility.
Essentially, the ADA guarantees everyone the opportunity to enjoy American life, regardless of whether they have a disability.
How to Find Employment as a Disabled American
While looking for a job can be stressful for anyone, it can be more challenging with a disability. The ADA offers some protection from some of those challenges. Many employers understand that, by making reasonable accommodations, , people with disabilities can excel. Here are some job-hunting tips
- Participate in online career fairs.
- Check out disability-friendly job boards like the American Foundation for the Blind, The National Association of the Deaf, and GettingHired.com.
Financial Planning for Those with Disabilities
Proper financial planning is essential. First, what uses will your cash flow need to cover? Food, clothing, shelter? Education? Professional or other work-related expenses? Children, parents, pets, other dependents? Hobbies, travel, entertainment? Foreseeable medical needs and healthcare expenses? Next, what cash flow sources will cover those expenses over your lifetime? Trust and/or portfolio income? Earned income? Social Security Income? Other government benefits?
Consult Your Financial Professional
If you’re disabled or have a loved one with a disability, consult a financial professional to help you design a suitable financial plan designed to meet your current and future goals and expectations.
Content in this material is for general information only and not intended to provide specific advice or recommendations for any individual.
All information is believed to be from reliable sources; however LPL Financial makes no representation as to its completeness or accuracy.