- the source for market opinions


November 14, 2023 | Migrants Imploding Welfare State

Martin Armstrong

Martin Arthur Armstrong is current chairman and founder of Armstrong Economics. He is best known for his economic predictions based on the Economic Confidence Model, which he developed.



People are coming to America for a better life at your expense. The excuse that migrants came here to work and contribute to our society does not match the statistics. As the NY Post recently reported, only 2% of 139,500 migrants in New York have applied for work permits, and thousands more are on their way to our cities to live off the welfare state.

New York received an influx of 2,800 additional people last week alone. There are 65,500 people living in shelters throughout the city at the expense of the taxpayer, and the mayor believes the city will spend of $2 billion this year on funding. We are putting more resources into supporting people who broke our laws by entering the country illegally than we do on our own citizens.

You can work your whole life and send countless funding into Social Security, only to receive the bare minimum upon retiring. You receive no interest on these funds and it is not optional to opt-out of contributing. The average retiree is expected to live on $1,555 per month, which is not enough to live in any US city.

Meanwhile, migrants are receiving a one-time payment of $2,275 and at least $1,225 per month which is more than they likely ever earned from their country of origin. Their room and board is on the taxpayers’ tab and there is no urgency for these people to enter the workforce. In fact, it seems as if they are encouraged to continue milking the welfare system to become utterly dependent on the state. I am stating figures from the US, but migrants are also living on the welfare system in Canada and every other Build Back Better country.

It is not economically feasible for the US to continue funding illegal immigration. And yet, thousands of people are crossing over into the US everyday and no one preventing the invasion of America.

STAY INFORMED! Receive our Weekly Recap of thought provoking articles, podcasts, and radio delivered to your inbox for FREE! Sign up here for the Weekly Recap.

November 14th, 2023

Posted In: Armstrong Economics

Post a Comment:

Your email address will not be published. Required fields are marked *

All Comments are moderated before appearing on the site


This site uses Akismet to reduce spam. Learn how your comment data is processed.