3 Things to Know About Social Security's 2025 COLA as the Official Announcement Gets Closer
The average monthly Social Security benefit today is about $1,920. And if 2025's Social Security COLA ends up being 2.5%, that results in an average increase of $48 a month. But if the cost of Medicare Part B rises by $12 a month, it'll shave 25% of that increase off, leaving the typical senior with just $36 extra per month instead.