bulletinhistoryconnectmaincategories
missionhelpchatblogs

The Financial Contribution of Undocumented Workers to Social Security

January 13, 2025 - 11:44

The Financial Contribution of Undocumented Workers to Social Security

Undocumented workers play a significant role in financing Social Security benefits, contributing to a system from which they are often excluded. Despite their inability to access these benefits due to their immigration status, many undocumented immigrants pay taxes that bolster the Social Security fund.

Estimates suggest that millions of undocumented workers contribute billions of dollars annually through payroll taxes, which are automatically deducted from their earnings. This financial input helps sustain the Social Security system, providing vital support for retirees and disabled individuals who are eligible for benefits.

The paradox lies in the fact that these workers do not receive the same benefits they help fund. Their contributions are often made under false Social Security numbers or through Individual Taxpayer Identification Numbers (ITINs), which allows them to fulfill tax obligations.

As discussions around immigration reform continue, the economic impact of undocumented workers remains a crucial aspect of the broader conversation about their role in society and the economy.


MORE NEWS

US Stock Market Declines Amid Concerns Over Federal Rate Cuts

November 14, 2025 - 00:37

US Stock Market Declines Amid Concerns Over Federal Rate Cuts

US stock markets experienced a downturn on Thursday, with the Nasdaq Composite leading the decline with a significant drop of 2.29%. The downturn follows the recent signing of a federal spending...

Bread Financial's $500 Million Bond Offering: A Game Changer for Investors?

November 13, 2025 - 06:29

Bread Financial's $500 Million Bond Offering: A Game Changer for Investors?

On November 6, 2025, Bread Financial Holdings successfully completed a $500 million offering of 6.750% Senior Notes due 2031. This significant financial move strengthens the company`s funding base...

Aeluma Reports Strong Financial Performance for First Quarter of Fiscal 2026

November 12, 2025 - 19:08

Aeluma Reports Strong Financial Performance for First Quarter of Fiscal 2026

Aeluma, Inc., a leading semiconductor company known for its innovative high-performance technologies, has announced its financial results for the first quarter of fiscal 2026, which concluded on...

Celebrating Excellence: Winners of the 2025 US Women in Finance Awards

November 12, 2025 - 07:43

Celebrating Excellence: Winners of the 2025 US Women in Finance Awards

The 2025 US Women in Finance Awards have recognized outstanding contributions from women leaders in the financial sector. Among the notable winners, Mitali Sohoni from Citi has been honored for her...

read all news
bulletinhistoryconnectmaincategories

Copyright © 2025 Coinlyt.com

Founded by: Eric McGuffey

missionhelpchatpicksblogs
data policycookiesterms of use