Dennis Cauchon
USA Today
May 25, 2010

  • A d v e r t i s e m e n t
  • {openx:49}

Paychecks from private business shrank to their smallest share of personal income in U.S. history during the first quarter of this year, a USA TODAY analysis of government data finds.

At the same time, government-provided benefits — from Social Security, unemployment insurance, food stamps and other programs — rose to a record high during the first three months of 2010.

Those records reflect a long-term trend accelerated by the recession and the federal stimulus program to counteract the downturn. The result is a major shift in the source of personal income from private wages to government programs.

Read entire article

The Emergency Election Sale is now live! Get 30% to 60% off our most popular products today!


Related Articles


Comments