Can more immigration help what ails Social Security?
Among the more peculiar and less reported findings in this week’s Social Security Trustees report are these three. First, fewer workers applied for disability benefits in 2018 than expected, which lowered overall costs. Second, life expectancy decreased. As Americans die sooner than they once did, the government pays out less in benefits. Third, the latest economic estimates show that immigration would help save the Social Security system, and that includes illegal immigration. Both undocumented immigrants and legal immigrants pay billions of dollars in payroll taxes each year into the Social Security system. Based on estimates in the Trustees report, the more immigrants that come in, the longer the Social Security system will stay solvent. Immigrants are on average a lot younger than the overall US population, so their retirements are far off. Further, undocumented immigrants pay into Social Security, but they are not allowed to receive benefits. Read the full article by Alexia Fernández Campbell of Vox here.
The Association of Mature American Citizens (AMAC) advocates for a strengthening of Social Security and has developed a bipartisan compromise bill, titled “The Social Security Guarantee Act,” taking selected portions of bills introduced by Rep. Sam Johnson (R-TX) and Rep. John Larson (D-CT) and merging them with the Association’s original legislative framework to create the new Act. AMAC is resolute in its mission to get the attention of lawmakers in DC, meeting with a great many congressional offices and their legislative staffs over the past several years. Learn more about AMAC’s Social Security Guarantee here…
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