An Aggressive Social Security Garnishment Is Underway for Over 1,000,000 Beneficiaries -- Here's How You Can Legally Avoid It
President Donald Trump's administration is aiming to claw back overpayments from Social Security beneficiaries.
In May, nearly 53 million retired workers brought home a Social Security check, with the average payout making history by cresting $2,000 for the first time ever. Though this is a relatively modest amount of monthly income, it's imperative to the financial well-being of most aging Americans.
For more than 20 years, national survey-taker Gallup has polled retirees annually to gauge their reliance on Social Security income. Without fail, 80% to 90% of retirees have consistently responded that their monthly check was a necessity, in some capacity, to make ends meet.
For beneficiaries, nothing is more important than knowing how much they're going to receive each month and having their payout keep pace with the inflationary pressures they're contending with on a year-to-year basis.
