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However, a February 2025 report by the SSA's Office of the Inspector General found the agency overpaid $13.6 billion in Social Security benefits during fiscal years 2020 to 2023.
Social Security beneficiaries would welcome extra money in the bank from a COLA hike. But some might only be looking at $50 a month or less extra.
Only 36% of Americans say they have confidence in Social Security’s future, according to a new survey by AARP.
Alex Vukovich first found out that the federal government had him listed as dead when his January Social Security payment disappeared from his bank account.