How Illegal Immigrants are Helping Social Security
Illegal immigrants are helping to finance your retirement:
The contributions by unauthorized immigrants to Social Security ... are much larger than previously known... 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. The cumulative contribution is surely higher now. Unauthorized immigrants paid a net contribution of $12 billion in 2007 alone... Somebody ought to say thank you.
Posted by Mark Thoma on Saturday, September 4, 2010 at 12:03 PM in Economics, Social Security |
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