Latest News
Social Security went up big in 2023. So did scams.
Maurie Backman acknowledges the darker side that accompanied Social Security benefits increasing at the rapid pace of 8.7% effective in 2023. The Social Security Administration’s Office of the Inspector General noted the record COLA has led to an uptick in scams, which can take on different forms. It might be a call out of the blue, telling you there’s a problem with your benefits and requesting you verify your banking details to make sure payments aren’t held up. Or, you might be contacted by a criminal who threatens to throw you in jail for Social Security fraud if you don’t verify your Social Security number and bank account details right away. Backman notes that, as a general rule, the Social Security Administration will not call, text, or email you out of the blue. Full article here.
This posting is presented for informational purposes only and does not represent legal or financial guidance. Any opinions or interpretations presented are either those of the original author or, in the case of articles authored by the AMAC Foundation, are the opinions of AMAC Foundation staff, originally trained and accredited by the National Social Security Association (NSSA) and certified via the AMAC Foundation. Any links included in the article are valid on the posted date; socialsecurityreport.org cannot guarantee the duration of the links’ validity. NSSA and the AMAC Foundation and its staff are not affiliated with or endorsed by the Social Security Administration or any other governmental entity. To submit a question, visit our website (https://amacfoundation.org/services/) or email us at ssadvisor@amacfoundation.org. Because we are a non-profit organization, there is no charge for these services.