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Immigration reform’s impact on Social Security coffers

Reducing the number of green cards issued will have an unintended consequence for Social Security funding, a new study says.

By Nick Thornton | Updated on December 21, 2017
Reducing the number of green cards issued will have an unintended consequence for Social Security funding, a new study says. (Photo: Shutterstock)

Legislation introduced by Republicans in the Senate that would reduce the number of green cards would have the unintended consequence of expediting Social Security’s impending insolvency, according to new analysis from the Urban Institute.

The Reforming American Immigration for Strong Employment, or RAISE Act, would reduce the number of issued green cards by 41 percent immediately, and gradually reduce the number until half are issued after 10 years. As is, about 1 million immigrants are granted lawful status annually in the U.S.

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Nick Thornton

Nick Thornton

Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.

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