Reported about 16 hours ago
Beginning this month, millions of seniors will experience a 50% reduction in their Social Security checks due to the Social Security Administration's efforts to recover overpayments made in previous years. This change affects about 2 million beneficiaries who were overpaid due to income updates not being reported or calculation errors by the agency. While the default withholding rate had previously been lowered to alleviate financial stress, it has now increased to 50% in response to prior pushback from advocates and seniors. Those impacted have been notified and are permitted to appeal.
Source: YAHOO