January 13, 2025 - 11:44

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.
February 21, 2026 - 07:10
Supreme Court strikes down Trump tariffs; St. Louis nonprofit anticipates financial reliefIn a landmark 6-3 decision, the United States Supreme Court has ruled that former President Donald Trump overstepped his executive authority when imposing significant tariffs on trading partners....
February 20, 2026 - 21:54
Looking to leave? Savvy Ladies has free financial advice for women going through divorceNavigating the financial complexities of divorce can be a daunting barrier, particularly for women. A significant factor that keeps many in unhappy or even abusive situations is a fundamental lack...
February 20, 2026 - 12:06
Financial Hub 'Y'all Street' rises as Dallas delegation makes its case to NYC firmsA high-powered delegation from Dallas recently descended upon New York City with a clear mission: to lure financial firms and talent to the booming Texas metropolis. The campaign, informally...
February 19, 2026 - 23:54
Stock market today: Dow, S&P 500, Nasdaq slip as oil prices continue rally amid Iran-US tensionsU.S. stock markets opened lower on Monday, extending recent losses as a surge in oil prices and heightened Middle East tensions overshadowed corporate earnings reports. The Dow Jones Industrial...