Social Security's cost-of-living adjustment could rise 2.7%. But Medicare Part B premiums are set to rise even more, eating most of the COLA.

The reality is that while inflation has been ticking upward these past few months, we don't know whether this trend will continue. And even if next year's Social Security COLA is larger than 2025's, it doesn't guarantee that you'll end up with more buying power.

Her focus is reporting on Social Security, other government benefits and personal finance. She has previously extensively covered U.S. and European politics, Russia's invasion of Ukraine and the British Royal Family.