Below, we'll detail the specifics of the 2025 COLA increase and what it means for you. For more, here's our essential Social Security cheat sheet, and don't miss the Social Securi

The extent to which your monthly Social Security payments will increase in 2025 will hinge on a few factors. These include an official COLA number, whether you're enrolled in Medicare, and whether the cost of Part B rises in 2025.

Put another way, a larger Social Security COLA for 2025 wouldn't necessarily do you more good than a 2.5% raise. And the reason is that a larger COLA would mean higher levels of inflation.