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The Social Security Administration recently announced the Cost-of-Living Adjustment (COLA) for 2014. COLA is based on a government measure of inflation. And consumer prices haven't gone up much this year.
Since 1975, annual Social Security raises have averaged just over 4 percent. Next year will mark only the seventh time the COLA has been less than 2 percent, including several recent ones. This year's increase was 1.7 percent. There was no COLA in 2010 or 2011 because inflation was too low.
