Washington, DC – As reported by The Guardian, a new report reveals how the Trump administration’s mass deportation agenda threatens the retirement security of American seniors. According to an analysis from Economic Insights and Research Consulting, the average retiree could lose $2,152 annually in Social Security benefits – an 8.6 percent cut – starting in 2034 and continuing every year after if current policies persist.
With fewer immigrant workers contributing to the system, the administration’s own Social Security Trustees have already pointed to lower immigration as one reason the trust fund’s depletion date moved up a year, to 2032. The report shows the damage extends well beyond retirement checks, adding new evidence to America’s Voice’s End the ICE Tax campaign.
In reporting from The Guardian, Vanessa Cárdenas, Executive Director of America’s Voice, warned that the damage is only beginning:
“We are just beginning to see the harms in terms of what is happening here domestically. But the impacts of these policies, of these efforts, are going to be long-lasting. And I think that is by design,” Vanessa Cárdenas, executive director of the pro-immigration reform organization America’s Voice, told the Guardian.
Read more from The Guardian:
Elderly Americans can expect to lose an average of $2,152 in annual social security benefits each, a projected 8.6% reduction in their retirement payments, by 2034 and every year after as a direct consequence of the economic fallout from the Trump administration’s anti-immigration campaign, if that carries on, according to a new report shared exclusively with the Guardian. […]
“When the Trump administration says things, it’s not always data-driven. And we wanted to see what the data shows, and what other people have found the data shows,” said Michael Ettlinger, one of the report’s authors. “Turns out that refutes what the US president primarily is asserting.”
The blowback on the economy from Donald Trump’s crackdown is wide-ranging, even as the federal government’s aggressive mass deportation campaign quietly ramps up further. […]
The report, Economic Impacts of Trump Administration Immigration Policy, was commissioned by America’s Voice and conducted by researchers at Economic Insights and Research Consulting, a firm focused on economic analysis.
Its conclusions underscore how recent federal policies revoking immigrants’ legal protections or targeting them for enforcement have had dire effects on the nation’s affordability crisis and job market, especially in regions and industries that rely disproportionately on foreign-born workers. […]
“One thing that changed was the [immigration] policy. Before, the trend for all those goods was a lower inflation rate. And afterward, the trend was higher inflation. So the trend was reversed, and that was quite striking,” said Robert Lynch, one of the report’s authors.
Read the full article from The Guardian here.
Read the Spanish-language coverage from La Opinión here.
Read the full Economic Insights and Research Consulting report here.
