Last year, to help Social Security recipients keep pace with historic inflation rates and an economic downturn, the Social Security Administration approved a major cost-of-living adjustment (COLA) to Social Security benefits. The 8.7% increase is the largest we’ve seen in over 40 years—and naturally, scammers are hard at work trying to take that money from Social Security recipients.

Posing as representatives from the Social Security Administration, scammers are contacting benefits recipients and using the COLA to get sensitive information from unsuspecting victims.

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