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As of today - January 7, 2010 - you would be 21 years and 198 days old if you were born October 14, 1988.
2012-1988 = 24. You would be 24 on October 1 this year, so you'd be 23 right now (on August 6, 2012)
To determine your age in 2011 if you were born in 1988, you would subtract 1988 from 2011. This calculation results in 23 years. Therefore, you would be 23 years old in 2011 if you were born in 1988.
38
People born in 1988 will turn 26 in 2014.