From Nasdaq: 2025-06-15 03:44:00

In May, over 53 million retired workers received a Social Security check, reaching an average payout of over $2,000 for the first time. Gallup surveys show that 80-90% of retirees rely on this income to make ends meet. President Trump’s administration has implemented policies that could lead to a 50% reduction in Social Security payments for over 1 million beneficiaries, impacting retired workers, survivors, and workers with disabilities. Beneficiaries receiving overpayments have options to request waivers, file for reconsideration, or negotiate payment rates to avoid or reduce garnishments.

President Trump’s administration has made significant changes to the Social Security program, including improving two garnishment policies and aiming to recover overpayments. These changes could affect beneficiaries like delinquent student loan borrowers and retirees who have been overpaid. With over 1 million beneficiaries making repayments, it’s essential to explore options to avoid financial hardship. By understanding these policies and taking appropriate action, beneficiaries can navigate potential reductions in their Social Security payments.



Read more at Nasdaq: An Aggressive Social Security Garnishment Is Underway for Over 1,000,000 Beneficiaries — Here’s How You Can Legally Avoid It