The Social Security Administration has a balance of more than $20 billion in overpayments, according to a November 2022 report by the agency's inspector general.
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How Social Security's overpayment mistakes can become your responsibility
Each year, about a million people are told they owe the Social Security Administration money because the agency miscalculated their benefits and paid them too much. 60 Minutes correspondent Anderson Cooper reports on what happens when Social Security overpays people who receive benefits.
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Each month, about 71 million Americans - retirees, disabled workers and others – receive checks from Social Security.
Beneficiaries may find out years later that they owe tens of thousands of dollars—even if it was not their fault.
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