The Social Security 2026 COLA forecast has increased for five straight months due to inflationary pressure created by President Trump's tariffs.

Tariffs imposed by President Trump have increased the average tax on U.S. imports to its highest level since 1941, according to the Tax Foundation. Inflation had been cooling, but price increases across the economy picked up steam after Trump imposed a 10% baseline tariff on most countries in early April.

The Social Security Administration will announce the 2026 cost-of-living adjustment (COLA) in October, but retired workers are on pace to get a "Trump bump." In other words, benefits will increase more substantially next year than they otherwise would have, had the president not made stark changes to U.S. trade policy.

Here's what Social Secu

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