$600 cost of living increase for Social Security payments, Social Security Administration received 463,000 calls in one day

the Social Security Administration This section addresses widespread misinformation about a purported $600 increase in Social Security benefits. This section explores in more depth the implications of these false claims and how they have affected the Social Security Administration and its beneficiaries.

A false rumor has been confusing Social Security recipients. Some claim they received a $600 boost in payments or a new stimulus check this month.

These claims are false and resulted in more than 463,000 calls in a single day to the Social Security Administration, reflecting the widespread impact these false claims have on recipients seeking accurate information.

The Impact of Misinformation About SSI/SSDI

The Social Security Administration’s 800 number was closed on June 3. Over 463,000 calls – 140,000 more than a few days earlier. Why? Partly because of a fake news story about a $600 increase in the payment. That’s not true: There is no cost-of-living increase until January 2025. Many thanks to all the Social Security Administration employees who helped customers with this rumor.

– Martin O’Malley (OMalleySSA) June 12, 2024

Social Security scams are among the most common government frauds in the United States. According to the Federal Trade Commission, consumers reported losses of more than $126.5 million last year alone due to such scams. These fraudulent activities prey on people’s trust and their urgent need for Social Security benefits, illustrating the serious consequences of misleading information.

Clarification from the Social Security Authority

The Social Security Administration, led by Commissioner Martin O’Malley, has been clear in its communications to the public. “Reports of a $600 increase in payments are false,” O’Malley said. “Please be careful not to fall for this scam.” The message is part of the Social Security Administration’s broader efforts to crack down on misinformation and reassure recipients that any legitimate updates about their benefits will be communicated directly from the agency.

Scheduled Payment Information

In light of the recent confusion, it’s also important to note the Social Security payment schedule, which is typically organized around the beneficiary’s date of birth:

• June 3: Payments to those who received Social Security benefits before May 1997.
• June 12: Payments to beneficiaries whose birthdays fall between the 1st and 10th of the month.
• June 18: Payments have been adjusted to account for the Juneteenth federal holiday, for those whose birthdays fall between the 11th and 20th.
• June 26: Payments are for those whose birthdays are from the 21st to the end of the month.

These schedules are carefully planned to ensure that benefits are provided in a timely manner, reflecting the Social Security Administration’s commitment to reliability and consistency.

Future COLA Ads

Looking ahead, the annual cost of living adjustment for 2025 is due to be announced in October. While the Seniors Association’s forecast is for a potential increase of 2.57%, the final rate will depend on inflation measures from the third quarter of the year.

This amendment, if confirmed, would apply to benefits beginning in January 2025, continuing the Social Security Administration’s practice of applying these increases automatically without requiring additional information from beneficiaries.

Official sources and recommendations

Beneficiaries should consult directly. Official website of SSA For accurate information and updates on Social Security payments. In addition, the Social Security Administration provides resources to help individuals recognize and report common Social Security scams.

The spread of misinformation about Social Security increases is a reminder of the importance of getting information directly from official channels like the Social Security Administration. By staying informed through trusted sources, beneficiaries can protect themselves from scams and ensure they are accurately updated about changes to their benefits.