American income

"Americans depended more on government assistance in 2010 than at any other time in the nation's history, a USA TODAY analysis of federal data finds. The trend shows few signs of easing, even though the economic recovery is nearly 2 years old.

A record 18.3% of the nation's total personal income was a payment from the government for Social Security, Medicare, food stamps, unemployment benefits and other programs in 2010. Wages accounted for the lowest share of income — 51.0% — since the government began keeping track in 1929."

Read : http://www.usatoday.com/money/economy/2011-04-26-government-payments-economy-medicare.htm.

America is all but a shining exemple for the rest of the world ...

No comments: