Elon Musk says the Department of Government Efficiency has found rampant fraud at the Social Security Administration. But that may not be the case, and an aging computer system could instead be to blame.

President Donald Trump incorrectly interpreted data shared by Elon Musk when he falsely claimed on Feb. 18 that “millions and millions of people over 100 years old” receive improper benefits from Social Security.

In an effort to alleviate the economic strain caused by inflation and reduce poverty levels, the U.S. Social Security Administration (SSA) is offering a $500 stimulus check to eligible immigrants.

The acting Social Security Commissioner released a statement that the agency will uphold SSA's history of protecting benefits and data amid concerns about DOGE access.

In a bold move, the acting head of the Social Security Administration has denied Elon Musk's request for confidential beneficiary information, aiming to protect sensitive data amidst plans for public spending cuts.

The new head of the Social Security Administration said Wednesday that deceased centenarians are "not necessarily receiving benefits," contradicting claims that tens of millions of dead people over the age of 100 are getting payments from the agency.

Elon Musk has recently made several claims that 150-year-olds are receiving Social Security benefits. So the CBS News Confirmed team looked for evidence of improper payments or potential fraud. CBS News Confirmed executive editor Rhonna Tarrant breaks down what they found.

Tesla and SpaceX CEO Elon Musk — whose net worth is just shy of $400 billion — just dropped a hint that he may be eyeing significant cuts to earned benefits programs like Social Security and Medicare in the future.