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aGameOfThrones
10-30-2013, 12:30 PM
MARKET PULSE Archives
Oct. 30, 2013, 9:18 a.m. EDT

By Steve Goldstein
WASHINGTON (MarketWatch) -- Based on the September inflation data, the Social Security Administration announced a 1.5% cost-of-living increase for 2014, which will impact 57 million beneficiaries. The maximum amount of earnings subject to the Social Security tax will be $117,000, up from $113,700. See Encore: Social Security's 2014 raise: a modest 1.5%.

http://www.marketwatch.com/story/social-security-announces-15-increase-for-2014-2013-10-30?siteid=yhoof2

jkr
10-30-2013, 12:34 PM
and then, the inflation eats it up...

helmuth_hubener
10-30-2013, 12:38 PM
CPI inflation for the year ending Aug 2013 was 1.2%, I believe. So this is hardly a surprising number. It is right in line with official inflation.