2023 COLA Social Security Benefit Increase and Scams
Those receiving Social Security Benefits are already targets of current scams, but at 8.7% this is the highest increase COLA Increase in almost 40 years. Recipients of this benefit now have an even larger target on their back from potential scams. Scammers use the trends and hot topics to give themselves what they view as a better chance of success. The COLA increase is a hot topic at the start of the year and that puts it on the top of scammer's to-do list.