The Social Security Administration (SSA) released a report revealing its overpayment problem worsened in October, now standing at $23 billion.
The newly released Agency Financial Report showed that the SSA made $11.1 billion in overpayments — accidentally paying beneficiaries too much — and $2.5 billion in underpayments to beneficiaries in fiscal year 2022, up from $6 billion in overpayments and $1.4 billion in underpayments in fiscal year 2021, as noted in the SSA Inspector General (IG) report.
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