Why does the term fixed income seem to apply to the elderly as if to suggest their income is particularly more difficult to live on than the rest of us. I did not have a raise last year, nor do I expect one this year. Social Security goes up with inflation, many of us who are working are not lucky enough to have our wages pegged to inflation. I have a full time job, I cannot leave the office at a specific time every evening making a second job very tricky...angine a retired individual not working and on SS does nto have this problem. It doea not seem to me that there is anything particularly fixed about those on fixed income.