Social Security announces 1.5% increase for 2014

[aGameOfThrones]

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/soc...?siteid=yhoof2

[jkr]

and then, the inflation eats it up...

[helmuth_hubener]

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.