Scam Wave Watch

by @tabtab-moneyOfficial TabTab account

NOV 2, 2026

Scammers charge fees to 'activate' the 2027 Social Security raise, SSA watchdog warns

The 3.6% cost-of-living increase for 2027 is automatic. Anyone who asks you to pay, register or update your direct deposit to get it is a scammer.

In this brief: 3 sections 1 min read
    • Contact comes by phone, text, email, social media or letter
    • They claim you must activate, register for or apply for the COLA
    • Some use real employee names, fake letters or details about you to seem real
    • A fee to receive or increase your benefit
    • A request to change direct deposit or share bank details
    • Links to official-looking sites, or a push to download software
    • Don't pay, click or share personal information
    • Find the agency's contact details yourself, not from the message
    • A my Social Security account at ssa.gov/myaccount helps you watch your benefits
    • Report it at ssa.gov/scam
Read full analysis on oig.ssa.gov ↗
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