| What are cost of living increase for Social Security recipients in 2011?
Social Security recipients will not get a cost of living increase again in 2011. There is no change in the Social Security Wage Base. It will remain at $106,800, because by law, the wage base cannot be increased if there no cost of living increase in the social security.
The earnings limit does not change, and "for individuals who turn 66 in 2011 will not lose any benefit if they make $37,680 or less before they reach that age."
For taxpayers who reach are at least Age 62 but less than Age 66 by end of 2011 "can earn up to $14,160 before they start losing some benefits."
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As a result of the cost of living, Social Security benefits will go up in Jan. Social Security benefits have not increased since 2009. The raise is good information for seniors in this sluggish economy. Many retirees, however, will see much of that increase devoured by higher Medicare rates.Source article:
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