President Donald J. Trump stands at a podium.

Social Security Benefits Get a Historic COLA in 2026 Because of President Trump’s Tariffs — It May Not Be Enough for Retirees

Social Security benefits are likely to lose purchasing power next year despite a historic cost-of-living adjustment (COLA). Inflation has increased in every month since President Trump’s baseline tariff took effect in April. Accordingly, Social Security benefits will get a historic 2.8% cost-of-living adjustment (COLA) next year, which means the average retired worker will receive an…

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