Social Security's 2027 COLA Is Projected to Be the 6th-Largest Since 1993 -- Here Are the 3 Unique Factors Driving This Outsize Raise

Social Security's 2027 cost-of-living adjustment (COLA) is projected at 3.5%, tying for the sixth-largest raise in 35 years. Three factors are driving this increase: President Trump's tariff and trade policies, the ongoing Iran war causing energy price spikes, and the AI infrastructure build-out creating supply shortages and higher consumer prices.