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Story summary
- U.S. President Donald Trump’s policies are creating a historic 2027 Social Security COLA.
- July 2026 tariffs on over 80 countries raised inflation, aiding the COLA.
- Trump-approved attacks on Iran on Feb. 28 closed the Strait of Hormuz, raising fuel prices.
- Inflation hit 4.2% in May 2026, prompting the Oct. 14 announcement of a 3.5% COLA for 55 million retirees.
- Trustees warn a $29.3 trillion gap and OASI depletion by Q4 2032, risking up to 22% cuts.