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.
January 23, 2026 - 23:16
Cathay General Bancorp Announces Retirement of Chief Financial Officer and Appointment of SuccessorLOS ANGELES, January 23, 2026--Cathay General Bancorp, the holding company for Cathay Bank, has announced a forthcoming change in its financial leadership. Heng W. Chen will retire from his roles...
January 23, 2026 - 03:08
Assessing IGM Financial (TSX:IGM) Valuation After A Strong Multi‑Month Share Price RunInvestors are taking a closer look at the valuation of IGM Financial Inc. (TSX:IGM) after its shares experienced a powerful multi-month advance. The wealth management company has delivered...
January 22, 2026 - 19:17
Saks' bankruptcy filing creates uncertainty for iconic stores, suppliers and shoppersThe recent Chapter 11 bankruptcy filing by the parent company of Saks Fifth Avenue, Neiman Marcus, and Bergdorf Goodman has plunged the future of these iconic retailers into uncertainty, creating...
January 22, 2026 - 01:51
Impact of Proposed Credit Card Rate Cap on Synchrony Financial's ValuationPresident Trump’s recent proposal to impose a 10% cap on credit card interest rates for one year has drawn attention to Synchrony Financial, a major player in the private label credit card sector...