Tariffs may boost next year's Social Security cost-of-living adjustment. Why that could be bad

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Tariffs may boost next year's Social Security cost-of-living adjustment. Why that could be bad
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Based on current data, Social Security benefits may rise 1.7% next year. But if tariffs go into effect, that boost could be even higher. And that's not necessarily good news for retirees.

Next year's Social Security Cost-of-Living Adjustment may be 1.7%, according to a new calculation from the Senior Citizens League.That's not good news for retirees, who are already seeing the cost of things like prescription drugs and homeowner's insurance soar.The Senior Citizens League

The group also projected this year's Social Security Cost-of-Living Adjustment, or COLA, at 1.7% for 2020. The Social Security Administration announces that adjustment for the next year every October.

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