Hi! If you’re a Social Security beneficiary, you might have heard rumors about a $600 payment increase. But here’s the truth: it’s just a scam! The Social Security Administration (SSA) has received over 463,000 calls in just one day from people wondering about this supposed increase. But Commissioner Martin O’Malley has made it clear: “Reports of a $600 payment increase are FALSE. Don’t fall for this stunt!”
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The Impact of Misinformation
Scammers are exploiting the trust of Social Security beneficiaries, causing harm and financial losses. In 2022 alone, people lost over $126.5 million to Social Security-related scams. That’s why it’s crucial to get your information from official sources only.
Your Social Security Payment Dates
To avoid confusion, here are the scheduled payment dates for Social Security benefits:
- June 3: Payments for those who received benefits before May 1997
- June 12: Payments for beneficiaries born between the 1st and 10th
- June 18: Payments for those born between the 11th and 20th (adjusted for Juneteenth)
- June 26: Payments for those born between the 21st and 31st
Future COLA Announcements
The annual cost-of-living adjustment (COLA) for 2025 will be announced in October. While there might be a possible 2.57% increase, we’ll have to wait and see.
Stay Informed, Stay Safe
For accurate information, always check the SSA’s official website. And if you suspect a scam, report it to the SSA immediately. Remember, they’ll never contact you out of the blue asking for personal information.
Stay safe, and don’t fall for the scams!
FAQs
Is the $600 Social Security payment increase real?
No, it’s a scam!
Why is the SSA receiving so many calls?
Because people are wondering about the supposed $600 payment increase.
What did Commissioner Martin O’Malley say about the rumor?
He said, “Reports of a $600 payment increase are FALSE. Don’t fall for this stunt!”
How much money did people lose to Social Security scams in 2022?
Over $126.5 million.
Why is it important to get information from official sources?
To avoid falling victim to scams and misinformation.
When are Social Security payments scheduled?
Payments are scheduled based on birthdate: June 3, 12, 18, and 26.
