Likely Cola For 2025. Independent social security and medicare analyst mary johnson previously projected the 2025 cola would be 3%. The difference is the cola.
A 2.5% cola will increase the average retired workers’ benefit by $48, to $1,968, meeting recent projections from the senior citizens league, a nonpartisan advocacy group. The 2024 average was 2.5% higher than the 2023 average, so.