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Social Security Acting Commissioner Kilolo Kijakazi told Congress in mid-October that the agency sent overpayment notices to 1.03 million people in fiscal year 2022 and 987,000 people in 2023.
Social Security Acting Commissioner Kilolo Kijakazi told Congress in mid-October that the agency sent overpayment notices to 1.03 million people in fiscal year 2022 and 987,000 people in 2023.
According to the SSA, the average Social Security payment is $1,770.71 monthly. The program never intended these benefits to provide a retiree's full income, but for many older Americans, Social...
Living on Social Security and a fixed income can come with lots of challenges. Among them, being able to secure a car loan.It can be more difficult to convince a lender to take a chance on you ...
Living on a fixed income can make big purchases seem out of reach. But for Jessica T., a retiree who relies on Social Security, buying a car was a challenge she was determined to overcome. Through...
If you depend on Social Security but need to buy a car, you might be tempted to settle for the cheapest set of wheels you can find to save money -- but cheap to buy can mean expensive to own. Read ...
As previously reported by GOBankingRates, the SSA’s latest Agency Financial Report revealed that the agency made about $11.1 billion worth of new overpayments to Social Security beneficiaries ...
Those who request to repay in smaller monthly payments are advised to fill out the Request for Change in Overpayment Recovery Rate (Form SSA-634) and fax or mail the form to your local Social ...