Social Security's cost-of-living bump could be near 11%: Report Seniors are on track for the biggest cost-of-living adjustment in four decades, according to a new analysis. Jun 27, 2022 Social Security bill would give seniors an extra $2,400 a year Some lawmakers want to revise ...
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Investors can celebrate 2024 stock market gains, lower inflation, tax-deductible IRA contributions and expanded gift-tax exclusions. Kate StalterNov. 18, 2024 Learn About Social Security Early Younger workers have a lot to gain by understanding how Social Security works. ...
That's why the Social Security Administration (SSA) regularly issues warnings about the scams that are circulating — so you know what to watch out for. So what are some of the more common Social Security scam tactics, and how can you avoid them? Below, we'll break down what you should...
Last year, individuals lost millions of dollars to fraudsters who claimed they worked for the Social Security Administration. The agency is stepping up its efforts to catch bad actors and raise public awareness. Here’s what you need to know before falling prey to scammers. sturti | Getty I...
The Social Security Administration reports that due to a drop in the birth rate of Americans, from three to two children per woman, the program's cost is now higher than the revenues funding it. Benefits are, as a result, being paid out of the program's trust, which is expecte...
The callers state, due to improper or illegal activity with a citizen’s Social Security number (SSN) or account, a citizen will be arrested or face other legal action if they fail to call a provided phone number to address the issue. This is a scam; citizens shou...
COVID-19 related closures. The second was the offering of COVID-19 testing or treatment kits to Medicare beneficiaries in return for personal information. These threats and promises are not valid, and the Social Security Administration encourages those who receive scam communications to report them....
How To Report a Social Security Scam If you suspect you’ve been the victim of a scam or simply want to report calls or correspondence that you find suspicious, you have several options. You can call the Office of the Inspector General hotline (1-800-269-0271) or submit a fraud repo...
Telephone scams are one of the top frauds reported to the SSA. In a typical scam call, the caller (either a real person or an automated robocaller) claims to be from the Social Security Administration. The call may be intimidating—for example, threatening to cut off the recipient's benefi...