The Social Security Administration announced a 3.6% cost-of-living adjustment (COLA) for 2027 on October 14, after the September inflation report, the fifth-largest increase in 35 years. The average retired-worker benefit is expected to rise by $75 a month, and this marks the sixth straight year of increases of at least 2.5%. The article attributes part of the bump to inflation driven by President Trump's policies, including tariffs and the Iran war, which has kept the Strait of Hormuz closed for eight months and counting. However, it warns the outsize raise could worsen the program's finances, citing a $29.3 trillion long-term unfunded obligation and an expected depletion of the OASI trust fund's reserves by the fourth quarter of 2032.
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DXY
• NeutralRelevance: low
| Market | Currencies |
|---|---|
| Close on 10/30/2026 | 101.96 |
| Change that session | +0.08% |
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