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Analysis

Social Security COLA for 2020: Will trade wars increase SSA’s projection?

The wild card that could impact the COLA in the immediate term is what one economist calls a 'trade conflagration.'

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blue Social Security cards in a stack Impact will be seen on prices, but not before end of third quarter. (Photo: Shutterstock)

The tariffs the Trump administration is imposing on imported goods from China have infused uncertainty in the economy and capital markets, but they haven’t resulted in marked inflation.

Nor is the latest tranche of tariffs expected to spike inflation by the end of the third quarter this year, the period the Social Security Administration uses to assess the Cost of Living Adjustment for Social Security beneficiaries, according to one economist.

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Nick Thornton

Nick Thornton

Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.

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