There were increased fears about financial hardship for Social Security beneficiaries in the coming days. In light of such an impending scenario, the Social Security Administration announced that it is reducing its overpayment clawback rate to 50% from 100%.

If you receive more money than expected from your Social Security payment, don't assume it's a gift from the Social Security Administration. More than likely, you received an overpayment because of changes in your account that either weren't reported on time or to another mistake by the SSA itself.