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"Cost Of Living Adjustment Scam" BBB Moment of Trust Sponsored by Ayers ... https://youtu.be/ugHLY23hl54 via @YouTube
How to avoid this "Cost Of Living Adjustment Scam"
• Remember, the SSA’s Cost of Living Adjustment is automatic. You don’t need to do anything to receive the increase in benefits. If someone tells you otherwise, you’re likely dealing with a scammer.
• Know how the SSA communicates. According to SSA, “If there is a problem with your Social Security number, we will mail you a letter. Generally, we will only contact you if you have requested a call or have ongoing business with us.” A call, text, or email from an SSA agent out of the blue is a red flag.
• Don’t give in to threats. SSA will never threaten you with arrest or legal action. They will never suspend your Social Security number or demand payment from you. They will never ask for personal information or banking details to give you an increase in benefits. If someone demands these things or threatens you over the phone, they are not with SSA.
• When in doubt, hang up. If you suspect you might be getting scammed, stop all communications. Visit SSA.gov to research or call 1-800-772-1213 to confirm that the correspondence is legitimate before taking action.
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