These terribly sad stories are about disabled people, retired schoolteachers and public servants, widows — and yes, even orphans being cut off from the benefits that they counted on for rent and food.
Social Security is clawing back $21.6 billion in mistaken overpayments to elderly retirees and disabled people because the agency miscalculated benefits, often for decades! It could happen to you — or your parents. Social Security has unchecked power. If you don’t repay their mistakes, they simply stop sending your monthly benefit! I uncovered this story when I wrote about a widow named “Ruth” who contacted me earlier this year.
Only when I read the annual Trustees Report did it become clear that over the years Social Security had made more than $21 billion in mistaken overpayments. Approximately 1 million people will receive a clawback letter this year! We all know that Social Security has financial problems down the road. But this is about today’s horror stories.
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