Tuesday, September 14, 2010

How illegal immigrants are helping Social Security

It always amazes me when people say illegal immigrants hurt Social Security. It seems so obvious to me that they are saving it. We always need young workers and if they never take anything out when they are older, that money stays there for everyone else. - - Donna Poisl

By Edward Schumacher-Matos

The contributions by unauthorized immigrants to Social Security -- essentially, to the retirement income of everyday Americans -- are much larger than previously known, raising questions about the efforts in many states and among Republicans in Congress to force these workers out.

In response to a research inquiry for a book I am writing on the economics of immigration, Stephen C. Goss, the chief actuary of the Social Security Administration and someone who enjoys bipartisan support for his straightforwardness, said that by 2007, the Social Security trust fund had received a net benefit of somewhere between $120 billion and $240 billion from unauthorized immigrants.
Click on the headline above to read the rest of this story! This is only a small part of it.

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