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Michael McDonald, PhD, Assistant Professor in Finance at Fairfield University, in a Nov. 16, 2015 article, "10 Ways Illegal Immigration Affects You Financially," available on the GO Banking Rates website, stated:

“The economic impact of illegal immigration in the U.S. is costly and impacts the financial security of the county’s legal residents. This impact plays out in a number of ways.

Illegal Immigration Reduces Wages… Those unregulated workers are often underpaid, which keeps wages lower in a particular occupation and region…

Illegal aliens can put a financial burden on local and federal law enforcement…

Immigrants on average tend to have larger families that those in the U.S. This difference can strain the resources of local school districts…

The arrival of illegal immigrants both in the U.S. and in other countries creates a problem that is often under the radar: a black market for goods and services. Black markets are not regulated or taxed by the federal or state government, which means that the goods and services traded there do not contribute to the tax base…

They also can drive up car insurance rates. That’s because some states make it hard for undocumented workers to get driver’s licenses. One study found that drivers in those states pay a higher amount for car insurance because they are surrounded by more uninsured motorists…

Illegal immigrants come from another country, so financial problems can arise when there are excess amounts of emigration. Such a trend can destabilize foreign countries and reduce the ability of U.S. firms to export goods to those nations.”

Nov. 16, 2015