National Data | Chart | Immigrants Can`t Bail Out Social Security
March 24, 2005, 04:00 AM
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Table 1:

Social Security`s Immigration Scenarios

 

Annual Net Immigration

Calendar Year

Total

Legal

Illegal

Historical Data

2000

1,077,579

677,579

400,000

2001

1,198,126

798,126

400,000

2002

1,197,801

797,801

400,000

2003

962,500

562,500

400,000

Intermediate Cost (Normal Immigration) Estimates

2005

1,150,000

750,000

400,000

2010

1,025,000

625,000

400,000

2025-2080 (average)

900,000

600,000

300,000

Low Cost (High Immigration) Estimates

2005

1,475,000

925,000

550,000

2010

1,425,000

875,000

550,000

2025-2080 (average)

1,300,000

850,000

450,000

High Cost (Low Immigration) Estimates

2005

850,000

600,000

250,000

2010

722,500

472,500

250,000

2025-2080 (average)

672,500

472,500

200,000

 

 

 

 

Source: Social Security Board of Trustees, 2004 Annual Report, Table V.A1.

 

 

Table 2:

Social Security`s Financial Projections

Under Different Immigration Levels

(As a percent of taxable payroll; 75-year period 2004-2078)

Net Immigration

Trust Fund

Trust Fund

Trust Fund

Year of

per Year

Income

 Costs

 Deficit

Fund Exhaustion

672,500

13.87%

15.95%

-2.08%

2040

900,000

13.84%

15.73%

-1.89%

2042

1,300,000

13.80%

15.43%

-1.63%

2044

 

 

 

 

 

Source: Social Securty Board of Trustees, 2004 Annual Report, Table VI.D3

 

 

 

Edwin S. Rubenstein (email him) is President of ESR Research Economic Consultants in Indianapolis.