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Home/Banking News/A Mother Now Says She Owes Social Security Whopping $15K
Market News Today - A Mother Now Says She Owes Social Security Whopping $15K

A Mother Now Says She Owes Social Security Whopping $15K

By Frank Nez
April 29, 2024
2

A mother now says she owes Social Security a whopping $15k in overpayment and fears she will be paying off the debt until she dies.

A mother had no idea what to do after she received a letter saying her disabled daughter owed almost $15,000 to Social Security.

Kate was first alerted to the debt in the fall of 2023, while her adult daughter received around-the-clock care in a group home, reports The-Sun.

She explained that the group home went under and didn’t cash a check, which boosted her daughter’s account above the $2,000 asset limit.

This triggered a Social Security overpayment, racking up debt for two years before it was caught, and Kate was alerted about it.

Not only are they dealing with debt, but a portion of her daughter’s check is being withheld, and those funds are vital to her care.

“I’ll be paying this debt off until I die,” Kate told local news affiliate WPXI.

“Mentally, emotionally, physically, it just wears you down.”

Kate, an Iraq war veteran, has overseen her daughter’s account since she first received benefits in 2006.

The mother and daughter had never had an issue with the Social Security Administration until 2020.

“I spent 28 years working in the government,” Kate said.

“I understand rules. I understand regulations. But I also understand someone, somewhere, at some level, has the authority to override some things.”

The news outlet’s investigation team took the case straight to the top, reaching out to Martin O’Malley, the head of the Social Security Administration.

“Regardless of whether or not the overpayment was caused in that case by a home that didn’t cash the check, and led to the assets going up in SSI, regardless of the cause of overpayment, when we discover that there is one, Congress says thou shalt take every action necessary to recover that overpayment,” O’Malley said.

“But, they give us the ability to grant waivers when it would be contrary to equity and good conscience.”

Kate said she had filed a request for reconsideration, but it was ultimately denied. Now, she will file a waiver, too.

“Every day when I get something from them, I want to give up,” she said.

“I think this is just so hard. I just don’t have any more in me to do this. I’m not the only one. It’s maddening and maybe it’s designed that way. They don’t want to make it too easy.”

O’Malley urged her to continue filing waivers and added that anyone in her situation should do the same.

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Also Read: A Massive Grocery Chain With 400 Stores Is Now Closing

Other Economy News Today

Market News Today - A Mother Now Says She Owes Social Security Whopping $15K.
Market News Today – A Mother Now Says She Owes Social Security Whopping $15K.

A massive shoe retailer now announces a new wave of layoffs to hit headquarters this summer, affecting over 700 employees.

Nike has announced its ‘second phase’ of mass layoffs, effective June 28, according to a Worker Adjustment and Retraining Notification (WARN) filing.

A total of 740 employees will be impacted in the retailer’s home state.

The layoffs are part of the 2% workforce reduction Nike announced in February, which is taking place across two phases, the company confirmed via email.

Nike said job titles and the number of employees in each category would be provided at a later date, once the company has determined them.

Bumping rights are not available for the impacted employees, reports Retail Dive.

“Nike’s always at our best when we’re on the offense. The actions that we’re taking put us in the position to right-size our organization to get after our biggest growth opportunities as interest in sport, health and wellness have never been stronger,” Nike said in a statement.

“While these changes will impact approximately 2% of our total workforce, we are grateful for the contributions made by all Nike teammates.”

The layoffs are tied to a cost-savings plan Nike unveiled in December, which is aimed at generating up to $2 billion in cumulative savings over three years.

Based on the company’s last annual report, the layoffs to 2% of its total workforce will impact more than 1,600 people.

Savings from the plan are set to be reinvested in driving growth, innovation and profitability.

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Also Read: A Massive Grocery Brand Now Files For Chapter 11 Bankruptcy

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Market News Today - A Mother Now Says She Owes Social Security Whopping $15K.
Market News Today – A Mother Now Says She Owes Social Security Whopping $15K.

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Frank Nez is an American entrepreneur, journalist, writer, and investor. Frank's work has been cited by SEC and Congressional reports. Franknez.com is a personal finance and market news blog, dedicated to publishing content on money, investing, entrepreneurship, and retail investor news.

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2 Comments
  1. Frank Nez says:
    April 29, 2024 at 6:59 pm

    Leave your thoughts below.

  2. Frank Nez says:
    April 29, 2024 at 6:59 pm

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