Last month, the Social Security Administration announced the cost-of-living adjustment for 2025. Beginning in January, beneficiaries will receive a 2.5% raise -- amounting to around $48 per month for the average retiree and roughly $39 per month for the average disabled worker.

With a little more than a month before the 2025 COLA kicks in, here's what you should know about the upcoming adjustment.

Seniors awaiting bigger Social Security checks next year may be shocked to discover higher Medicare premiums will eat up a chunk of their cost-of-living adjustment.

But the truth is that your monthly benefit is never truly locked in, because each year, Social Security recipients are eligible for an automatic cost-of-living adjustment (COLA).