Millions face shrinking Social Security payments

By STEPHEN OHLEMACHER, Associated Press Writer – 34 mins ago

WASHINGTON – Millions of older people face shrinking Social Security checks next year, the first time in a generation that payments would not rise.

The trustees who oversee Social Security are projecting there won't be a cost of living adjustment (COLA) for the next two years. That hasn't happened since automatic increases were adopted in 1975.