The US has a Dual Immigration Problem
Podcasts > Your Personal Bank with Ferenc Toth
Monday, April 6, 2026
Millions of illegal aliens flooded into America during the Biden administration and previous years. They were given cash, food, shelter, and many other benefits. There is even a scholarship specifically for illegals. The Dream US is the nation's largest program for undocumented immigrant students. Illegals get $33,000 for a bachelor's degree. They have awarded over 12,000 scholarships to date. The lynchpin for these giveaways is the Individual Taxpayer Identification Number or ITIN. This is a quasi-Social Security number given only to foreigners. ITIN's also enable illegal aliens to purchase homes, often financed with taxpayer dollars. Our government even advised illegal aliens on how to buy homes against American citizens. The Consumer Financial Protection Bureau advertised that some lenders had mortgage programs tailored for ITIN holders without proof of legal residency on their website. This put illegal aliens in direct competition with American citizens.The US already had a housing shortage. This competition further drove up housing prices. The H-1B visa is marketed as a global talent program, yet 71% of all approvals go to one country, India. This is not global. This is a pipeline from one country to outsource cheap labor. Companies must sign a form under oath they can't find qualified Americans to hire an H-1B worker. The top 5 companies over the past 15 years stated 314,100 times no American were available. They fired 99,000 Americans at the same time. Dream Home Mortgage advertises H-1B Visa mortgages with no US credit. This further creates more competition for homes with US citizens and drives up prices. JP Morgan recently released a study titled "Annuities Improve Outcomes" The study compared a number of scenarios replacing the bond portion of a 60/40 equity/bond portfolio to variable annuities and fixed-index annuities. The likelihood of success of not running out of money in retirement was lowest with the 60/40 equity/bond portfolio. Variable annuities improved the likelihood of success. Fixed index annuities provided the highest likelihood of success of not running out of money in retirement in every scenario. The JP Morgan study did not compare using the best fixed index annuity products available. Contact Ferenc at [email protected] or 268-268-4422 to find the best index annuity product available for your situation.
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