As President Trump intensifies his crackdown on immigration, concerns arise regarding the future of Social Security. The program, which largely relies on payroll taxes, faces a looming crisis as the baby boomer generation retires in large numbers. The incoming younger workforce is expected to be insufficient to compensate for the retiring boomers. This demographic shift, coupled with the potential deportation of undocumented workers—key contributors to the labor force—could lead to an even deeper funding shortfall for Social Security, risking significant benefit cuts unless addressed urgently by lawmakers.
The imminent retirement of a large number of baby boomers combined with the decline in younger workers entering the labor force threatens Social Security's financial stability.
With the ongoing crackdown on immigration, the potential loss of undocumented workers—who contribute to payroll taxes—might exacerbate the already existing funding crisis for Social Security.
Collection
[
|
...
]