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Some Americans will see their Social Security checks drop by 50%
Some Americans will see their Social Security checks drop by 50% after the Social Security Administration announced in April that it would start withholding payments from recipients who were overpaid starting at the end of July. Here’s what you need to know about the new policy and how it will affect you.
Why your Social Security check for July might be smaller
Regular Social Security retirement benefits for the month of July will be sent out on the SSA’s usual schedule: Wednesday, July 9: Birth dates between the first and 10th of the month. Wednesday, July 16: Birth dates between the 11th and 20th of the month.
The Social Security Administration will begin collecting on overpayments of Social Security benefits later this month and ...
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