What Do Immigrants Do for Government Budgets? New
Research Has Answers.
Lower-skilled migrants are less fiscally advantageous
than high-skilled, but they still bring economic benefits.
The Lifetime Fiscal Impact of Immigrants
https://manhattan.institute/article/the-lifetime-fiscal-impact-of-immigrants
Looking at immigrants more broadly, this report shows that the average new immigrant (lawful or unlawful) has a positive fiscal impact and reduces the federal budget deficit by over $10,000 during his lifetime. For comparison, the average native-born citizen is expected to cost over $250,000 to the federal government. Despite the average immigrant reducing the budget deficit, immigrants without a college education and all those who immigrate to the U.S. after age 55 are universally a net fiscal burden by up to $400,000. The large positive fiscal impact of young and college-educated immigrants pulls up the overall average. Each immigrant under the age of 35 with a graduate degree reduces the budget deficit by over $1 million in net present value during his lifetime.
Therefore, for policymakers considering the fiscal impact of immigrants to the U.S., the characteristics of people seeking entry into the country are crucial. Certain immigrants are fiscally beneficial; others are fiscally detrimental.
Related:
https://vivekjayakumar.blogspot.com/2024/09/skilled-versus-unskilled-immigrants.html
https://manhattan.institute/article/the-lifetime-fiscal-impact-of-immigrants
Looking at immigrants more broadly, this report shows that the average new immigrant (lawful or unlawful) has a positive fiscal impact and reduces the federal budget deficit by over $10,000 during his lifetime. For comparison, the average native-born citizen is expected to cost over $250,000 to the federal government. Despite the average immigrant reducing the budget deficit, immigrants without a college education and all those who immigrate to the U.S. after age 55 are universally a net fiscal burden by up to $400,000. The large positive fiscal impact of young and college-educated immigrants pulls up the overall average. Each immigrant under the age of 35 with a graduate degree reduces the budget deficit by over $1 million in net present value during his lifetime.
Therefore, for policymakers considering the fiscal impact of immigrants to the U.S., the characteristics of people seeking entry into the country are crucial. Certain immigrants are fiscally beneficial; others are fiscally detrimental.
https://vivekjayakumar.blogspot.com/2024/09/skilled-versus-unskilled-immigrants.html