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Six things you need to know about Social Security in 2014

Here are six things you need to know about Social Security for 2014. For clarity’s sake, here is a rundown of what is changing next year, and what isn’t. Social Security recipients are getting a raise — but not much of one. Next year, the average monthly Social Security payment will increase by $19 due to a 1.5 percent cost-of-living adjustment, one of the smallest annual COLAs in the program’s history. Since 1975, only seven COLAs have been less than 2 percent. Four of these seven COLAs have occurred in the past five years, however. The 2013 COLA was 1.7 percent…Read More

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