Social Security Payment Increase Quiz

What has the Social Security Administration confirmed about the rumored $600 monthly increase?

• It is false and no such increase has been announced.

• It is only applicable to new recipients.

• It is under consideration by Congress.

• It is true and will be implemented soon.

What is a common tactic used by unreliable websites to spread false claims about Social Security?

• Offering free financial advice.

• Partnering with government agencies.

• Using sensational headlines to attract clicks.

• Providing detailed financial reports.

Which of the following is a red flag when evaluating the credibility of an article about Social Security?

• Being published on a government website.

• Providing detailed statistical data.

• Having numerous grammatical errors.

• Citing the Social Security Administration as a source.

When is the most likely time for real increases in Social Security benefits to occur?

• In July, during the mid-year review.

• In January, with the annual COLA adjustment.

• In December, as a year-end bonus.

• In April, after tax season.

What is the purpose of the annual cost of living adjustment (COLA) for Social Security benefits?

• To align benefits with stock market performance.

• To decrease benefits in line with economic downturns.

• To adjust benefits based on inflation and rising costs.

• To provide a fixed bonus to all recipients.