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

Insights from Menon and Rowan on Strengthening Financial Systems

November 19, 2025 - 09:59

Insights from Menon and Rowan on Strengthening Financial Systems

Ravi Menon, Ambassador for Climate Action in Singapore, and Marc Rowan, CEO of Apollo Global Management, recently engaged in a thought-provoking discussion regarding the evolution of financial...

Brazil's Coalition for Forest Restoration and Bioeconomy Secures Major Funding

November 18, 2025 - 22:11

Brazil's Coalition for Forest Restoration and Bioeconomy Secures Major Funding

BELÉM, Brazil, November 18, 2025—At a significant event during COP30 in Belém, the Brazil Restoration and Bioeconomy Finance Coalition (BRB FC) revealed that it has successfully mobilized an...

Middle-Income Families Adapt to Financial Challenges Post-Inflation

November 18, 2025 - 03:11

Middle-Income Families Adapt to Financial Challenges Post-Inflation

DULUTH, Ga., November 18, 2025—The journey toward financial stability is proving to be a challenging yet transformative experience for middle-income families in the wake of rising costs. A recent...

Earnings Season Update: XPeng Stock Declines as Investors Anticipate Nvidia Results

November 17, 2025 - 20:14

Earnings Season Update: XPeng Stock Declines as Investors Anticipate Nvidia Results

The third quarter earnings season has been mostly positive, with most of the reports in the rearview mirror. However, not all companies have fared well. XPeng, the Chinese electric vehicle...

read all news
bulletinhistoryconnectmaincategories

Copyright © 2025 Coinlyt.com

Founded by: Eric McGuffey

missionhelpchatpicksblogs
data policycookiesterms of use