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Stock impact report

What President Trump's Tariff Turmoil Could Mean for Your Next Social Security COLA [Yahoo! Finance]

Comerica Incorporated (CMA) 
Last comerica incorporated earnings: 4/21 06:34 am Check Earnings Report
US:NYSE Investor Relations: investor.comerica.com
Company Research Source: Yahoo! Finance
Whatever you might think about President Donald Trump's steep tariffs , they're indisputably wreaking havoc on the stock market. Could tariffs even impact retirees' Social Security benefits? The answer just might be "yes." Here's what President Trump's tariff turmoil could mean for your next Social Security cost-of-living adjustment (COLA) To understand how the president's tariffs could impact your next Social Security COLA, we must first delve into how the COLA is calculated. The good news is that the formula is simple, and the math is easy. For decades after Social Security was created, any adjustment to benefits required an act of Congress. However, an automatic annual adjustment went into effect in 1975. This adjustment was intended to keep Social Security benefits from being eroded by inflation. With this goal, it makes sense that inflation would be the key factor used to calculate the COLA. Economists use several inflation metrics. However, the Social Security Administra Show less Read more
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