Overpaid and Overwhelmed: The Unseen Burden of Social Security Clawbacks Millions of Americans who rely on Social Security for their financial security in retirement are facing an unexpected problem: overpayment notices from the Social Security Administration.
These notifications can be devastating, as beneficiaries are forced to repay thousands of dollars in benefits they were never supposed to receive.
A woman in her mid seventies recently received a notice that she owes $35,000 – a sum that could decimate her modest monthly income of around $2,700.