From Nasdaq:

1. Gallup polls reveal that 80-90% of retirees depend on their Social Security income. Unfortunately, the program faces a $22.4 trillion funding shortfall due to increased immigration issues and demographic shifts since 1985.

2. The Old-Age and Survivors Insurance (OASI) Trust Fund, responsible for monthly payouts to 50 million retired workers, might see sweeping benefit cuts of up to 23% due to excess cash depletion by 2033.

3. Immigration trends play a significant role in Social Security’s financial health, controlling average annual net immigration rates, with legal immigration providing a net benefit to the traditional Social Security program.

4. Contrary to popular belief, undocumented workers contribute to the traditional Social Security program, adding $100 billion in payroll tax over the last decade. With declining immigration rates, Social Security’s funding shortfall will only worsen if not reversed.



Read more: Social Security Has an Immigration Problem — and It’s Getting Progressively Worse