Musk created a furor by labelling social security in the United States ‘the biggest Ponzi scam of all time.’ He justified his remarks saying that over time, the obligations of social security will be “much worse,” as people are now “living longer than expected.” …Musk said. “People...
A Social Security number (SSN) is a nine-digit unique identifier. Originally developed by the Social Security Administration in the 1930s as a way to track income—and benefits—over a lifetime, the SSN is now used in various contexts, including by scammers. How Do I Protect My Child’s...
And if your SSN has been stolen, either through a scam or hack, your number could be part of a wider data leak, as happened in the enormousNPD data breachthat exposed2.9 billion rows of dataincluding Social Security numbers. Thankfully, if your SSN is ever stolen, there are steps you c...
You can also report the scam on the FTC’s complaint website.Make sure you document anything you can to add to your report, such as a telephone number or website, the name the caller gave, the time and date of the call or email, what information you were asked for, and anything ...
— Never give out personal information. The Social Security Administration will never reach out to ask for sensitive information already on file. — Know what’s available online. Scammers can find your personal information online. If someone has this information, it doesn’t mean they’re...
Is Social Security Secure? A new study suggests the U.S. retirement system may be doing better than most. Tim SmartApril 7, 2025 Retirement Planning Tools and Software Use these top-rated methods to create and follow a retirement savings plan. ...
A common phishing scam involving SSNs is an email that appears to be from the Social Security Administration asking for recipients toupdate their information. The phisher then has access (via a link in the email) to highly sensitive personal details – like your SSN. ...
(IRS) agents, claiming you failed to pay Social Security tax and owe a fine. Or, they spoof the Social Security Administration’s 1-800 number on your caller ID and explain that your Social Security card has “expired.” Scammers claim you can reinstate your SSN by paying a fee via a...
The IRS will not request that you verify your identity by contacting you by phone or through email. If you receive such calls or emails, they are likely a scam. If you can't confirm your identity using the IRS' online Identity Verification Service, you...
fraudsters — to access accounts using SSN authentication. The company advises clients to prominently inform customers that their Social Security number will never be used for authentication, making it easier for those customers to identify calls or emails from scammers if they ask for that ...