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Coming up, most american workers got their first paycheck of the new year on friday and they probably noticed it was a little bit smaller. sfwhapd well, in order to boost the economy back in 2010, congress lowered the social security tax withholding rate to 4.2% instead of the usual 6.2% for 2011 and 2012. it was called a payroll tax holiday and meant more money in the average paycheck but as of january 1st, the holiday's officially over 'cause congress did not extend it during the end of the year fiscal cliff debate. what did that mean for your friday pay stub? every $25,000 in annual salary,...

Withholding rate to 4.2% instead of the usual 6.2% for 2011 and 2012. it was called a payroll tax holiday and meant more money in the average paycheck but as of january 1st, the holiday's officially over 'cause congress did not extend it during the end of the year fiscal cliff debate. what did that mean for your friday pay stub? every $25,000 in annual salary, up to the threshold of $113,700, you will be paying $500 more in payroll taxes every year a work with a 15i7 -- $75,000 annual saw friday's paycheck coming up about $60 short. up next, more on this, after a brief commercial break. and mo...

Martha: 21 bucks doesn't go too far over the course of a month. but that is what it is. who else is affected by this cola or cost of living increase, steve? >> reporter: you have 56 million people getting social security. another eight million on supplemental security income. they will also get the 1.7% increase. this low inflation is in line by the way with with the federal reserve's inflation target. modest inflation leaves consumers with more money to spend which could boost the economy. meantime and finally the social security administration also announcing today the maximum amount of earn...

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