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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Economy Faces A Jolt as Benefit Checks Run Out - The New York Times