Mini-Me: Half US Households Receiving Federal Benefits

Uncategorized
0Shares
Who? Mini-Me?

Huh?

Half of U.S. Households Took Government Benefits in 2010

Derek Thompson

Atlantic, 17 January 2012

Is this statistic a watershed mark of our decline into socialism, a totally reasonable outcome from the Great Recession, or, somehow, both things at the same time?

A record-high 49% of the population lived in a household receiving some type of government benefit in the second quarter of 2010, according to Census data reported by the Wall Street Journal. Most of this group received so-called “means tested” benefits like food stamps, subsidized housing or Medicaid. Many are also benefiting from unemployment insurance spending, which has quadrupled since the downturn.

Click on Image to Enlarge

Read full article.

Financial Liberty at Risk-728x90




liberty-risk-dark