President Donald Trump's Tariff Policy Likely Comes With Unintended Consequences for Social Security's 2026 Cost-of-Living Adjustment (COLA)
Trump's tariff pendulum can swing in both directions and ultimately disappoint Social Security beneficiaries.
For most Americans, Social Security provides indispensable monthly income they'd struggle to make do without. In each of the past 23 years, Gallup has surveyed retirees to gauge their reliance on Social Security and found that 80% to 90% of respondents need their monthly payout to cover at least some portion of their expenses.
Considering that Social Security income helps forge the financial foundation of countless retirees, it's only fitting that the annual cost-of-living adjustment (COLA) reveal during the second week of October is the most-anticipated of all announcements.
But Social Security's 2026 COLA has a unique twist this year: It's likely to be impacted by President Donald Trump's tariff policy.
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