Immigration boosts US GDP by $7 trillion over a decade, per the Congressional Budget Office.

Immigration is fueling US economic growth, with the nonpartisan Congressional Budget Office calculating a $7 trillion boost to GDP over the next decade. Immigration has contributed to the labor force and consumer spending, which has led to Wall Street, the Federal Reserve, and investment banks, such as Goldman Sachs, JPMorgan, and BNP Paribas, revising up their economic growth forecasts. Despite challenges, the US economy is displaying resilience, and the recent influx of immigration is helping to bolster the economy.

March 22, 2024
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