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In the NEWS
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Economy Faces A Jolt as Benefit Checks Run Out - The New York Times
posted
Jul 12, 2011, 10:06 AM
by Nashila Somani-Ladha
BY: Motoko Rich
Published: July 10, 2011
An extraordinary amount of personal income is coming directly from the government.
Close to $2 of every $10 that went into Americans’ wallets last year were payments like jobless benefits, food stamps, Social Security and disability, according to an analysis by Moody’s Analytics. In states hit hard by the downturn, like Arizona, Florida, Michigan and Ohio, residents derived even more of their income from the government.
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