Social Security Benefits Could Get Boost from Trump Tariffs
Government
President Donald Trump’s recently implemented tariffs could have significant effects on the upcoming cost-of-living adjustment (COLA) for Social Security benefits. The COLA will impact benefits starting in 2026 and is based on the inflation levels of the prior year. Trump’s tariffs have led to trade tensions between the United States and other countries while boosting prices on many items and overall inflation. However, the tariffs also could lead to higher monthly payments for more than 70
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