New report on economic cost of anti-immigration campaign projects 8.6% reduction in retirement payments by 2034
Elderly Americans can expect to lose an average of $2,152 in annual social security benefits each, a projected 8.6% reduction in their retirement payments, by 2034 and every year after as a direct consequence of the economic fallout from the Trump administration’s anti-immigration campaign, if that carries on, according to a new report shared exclusively with the Guardian.
Already, US food prices are up, housing permits to build new homes are down – and even native-born Americans are losing out on potential jobs after the sudden exodus of 1.2 million foreign-born workers over the last two years as a result of Donald Trump’s policies, the report finds.
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