5 benefits of new immigrants

Find out what positive results might occur from embracing new immigrants.

11:35 01 May 2013

Speculation about the potential effects of the influx of immigrants has been widespread, but there are many other factors to consider. While an increase in numbers may put temporary strain on a few systems such as healthcare and benefits, the contributions of immigrants are being overlooked.

 

From financial benefits such as credit cards, to savings accounts, there may be enormous potential to boost the currently lagging economy. 

 

• Credit cards—many immigrants may apply for credit cards, which give financial institutions a much needed stimulus. In addition to that, there is also the promise of increased spending, leading to increased jobs, and reduced unemployment. 

 

• Mortgages—while credit cards will help the economy, there may also be an increase in construction, and mortgage loans to help people settle in the area.

 

• Universities—it is likely that the influx of immigrants will bolster university attendance, relationships with other countries, and benefit financially from the increased attendance. Banks will also benefit from the increased need for student funding. 

 

• Businesses—there will be many new businesses due to immigrants, with business credit cards, commercial loans, and possible construction. Not only is the financial end of this beneficial, but where there is demand, there is also a need to meet that demand which could mean even more employment opportunities. 

 

• New perspectives—often times it is easier for an outsider to offer assistance with resolving difficult problems. It’s easy become entangled in issues, and there may be surprising benefits to have immigrants participate in dialogue and offer their unique perspectives on solutions, education, business and other important matters. 

 

From loans to credit cards to politics, immigrants will undoubtedly have an impact on society. The question is whether or not embracing this will lead to more stress on systems, or ultimately provide stimulus when it comes to the economy.