But there is a maximum monthly benefit. Raising that would defeat the purpose of making folks keep paying into it.
The better solution would to be raise the retirement age. Hugely unpopular, big time. But look at when SS started, the retirement age was 65. And life expectancy? Yeah, in the 60's.
https://www.ssa.gov/history/lifeexpect.html
Social Security wasn't designed to pay people for 20 to 30 years after retirement. And don't forget, both democrats and Republicans raiding the SS for their pet projects. When they absolutely knew millions of baby boomers would start retiring around 2010 or so. They KNEW and stole the $$ anyway.