What's going to happen to Social Security COLA's next year?

[uncletiger]

While all the ruckus is going on about the tariffs Trump just implemented, nobody is discussing how this is going to play into the already struggling social security system. Because for decades, the government has struggled to remove most real factors in the cost of living, and replace the CPI with bundles of items like flat screen TV's. Because these were manufactured overseas, they could be used to artificially suppress the official inflation numbers, while prices of necessities like food were soaring and being removed. As a result, the CPI is very overweight in these foreign objects that are going to explode in price due to the tariffs.

 

Is the government really going to increase social security by 20% - 30% next year to match inflation, or are they going to change the formula so they can pretend struggling Americans retirees really aren't struggling?  Suddenly are we going to see steak added back into the CPI because that price was stable while plastic pumpkins rose by 60%?

[sqwakvfr]

It is based upon the CPI W index.  I believe only congress can change how SS COLA can be calculated. it is only April so who knows what CPI-W will be by December.