A recent change by the U.S. Social Security Administration is hitting retirees, disabled citizens, and survivors hard. Due to overpayments — often caused by bureaucratic mistakes — the government is now automatically deducting up to 50% from monthly checks. The move stems from cost-cutting measures implemented under Elon Musk’s controversial government efficiency department known as DOGE.
📉 The deduction rate jumped from 10% to 100% under Trump, and although it has been reduced to 50%, the financial damage is already done.
Letters are being sent out warning beneficiaries that unless they take action within 90 days, they’ll begin losing half their monthly income. For many Americans relying on Social Security to survive, this feels catastrophic.
💬 “From 10 to 100 to 50% in 100 days? That’s financial whiplash,” said Richard Fiesta, head of the Alliance for Retired Americans.
📌 Why Are People Being Penalized?
Overpayments usually happen when recipients fail to report life changes in time, or when the agency itself makes processing errors. But regardless of who’s at fault, the government wants its money back.
And fast.
Once notified, recipients have only 90 days to appeal, ask for a waiver, or request a lower repayment rate. Miss that window? You lose 50% of your check each month until the full overpayment is collected.
⚠️ Americans Struggling to Survive the Cuts
Kate Lang from Justice in Aging warns that even losing half a check can push people into poverty. “Sure, it’s better than losing 100%, but for someone paying rent or a mortgage with Social Security, it’s still devastating,” she said.
🔍 Though the administration claims people can negotiate repayment terms, there are no guarantees. Appeals are handled on a case-by-case basis, and access to help is limited due to overwhelmed offices and long wait times.
👉 As many say: “We’re being punished for problems we didn’t create.”
#ElonMusk , #USPolitics , #DOGE , #USGovernment , #Musk
Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies!
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“