Social security payments are inflation-adjusted actually. It's more an issue of solvency. The trust fund backing payments is projected to run dry in the mid-203

Social security payments are inflation-adjusted actually. It's more an issue of solvency. The trust fund backing payments is projected to run dry in the mid-2030's [1]. Solving this either means raising taxes on working-age adults or lowering payouts; the UK is a good example of the former, where working-age incomes have recently fallen below pensioner incomes [2], and no politician wants to be the one to bite the bullet on the latter. [1] https://en.wikipedia.org/wiki/Social_Security_Trust_Fund https://en.wikipedia.org/wiki/Social_Security_Trust_Fund [2] https://www.bbc.co.uk/news/business-38957903 https://www.bbc.co.uk/news/business-38957903