PECULIAR, Mo. (KCTV/CNN/CNN Newsource/WKRC) - An elderly man is facing homelessness after Social Security ordered him to repay over $60,000.
PECULIAR, Mo. (KCTV/CNN/CNN Newsource/WKRC) - An elderly man is facing homelessness after Social Security ordered him to repay over $60,000.
Apparently this isn’t uncommon. There should be a statute of limitations on how long they can request repayment back for their mistake, 6 mo max or something like that. That way you aren’t having to pay back decades of their fault.
I would argue that if the government makes a mistake then it is on them to own the problem, not the citizens. I might make an exception for a partially large mistake, but presumably most people would report if they suddenly received a million dollars in their social security check so I doubt it would be that big of an issue. Any smaller mistakes should be a write off.
I see a million pop up on me in social security I’m moving it to another bank, converting it to crypto hopping a plane to Ghana or some shit, buying up like $850,000 in silver, and enjoying the rest of my life.
Banks make mistakes and this is generally how it works. Most people will not give 1M back. Statues make it fair.
That is most certainly not how it works. If a bank accidentally gives you a million dollars it’s best to inform them and give it back in whatever process they determine. They will not just write it off. They will figure it out eventually.
Right. That’s what I’m saying.
Ehhhhhh. Their loss.
No, no repayment, if someone errors in your favor, they are at fault, not you. They must bear that repayment burden
It should be gradual decided by the sum of payments: if you own more, you have a longer term.