Why the United States Needs More Immigrants
“As controversy continued to rage on Thursday about the Trump Administration’s policy of separating migrant families at the southern border, the Census Bureau published new data that show why the United States will need more immigrants, not fewer, in the coming decades.
Demographers and economists have been warning that the aging baby-boomer population presents a serious challenge to the nation’s finances, as the ratio of seniors to working-age adults—the age-dependency ratio—rises. The reason is straightforward: Social Security and Medicare are largely financed on a pay-as-you-go basis, which means that some of the taxes paid by current workers are transferred to current retirees. If the dependency ratio rises, the financial burden on the working-age population …”