Headdesk: Welfare is 1/3 of wages in US

CNBC reports: Handouts from the Government are one third of wages in the US.

Government payouts—including Social Security, Medicare and unemployment insurance—make up more than a third of total wages and salaries of the U.S. population, a record figure that will only increase if action isn’t taken before the majority of Baby Boomers enter retirement.

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5 Responses to Headdesk: Welfare is 1/3 of wages in US

  1. Old NFO says:

    Of the three, ONLY Social Security is actually ‘earned’ in some fashion… sigh…

  2. Pingback: SayUncle » Welfare state

  3. Kevin Baker says:

    I’ve had a post marinating in the back of my brain for a damned month, and pieces like this keep dropping into the marinade.

    I can’t decide whether to be pissed or completely depressed.

  4. Glen says:

    No Social Security income is “earned.” It is a purely pay-as-you-go entitlement that transfers (via taxes) incomes from younger workers to older retirees and the disabled.

  5. Stone Paris says:

    So if 1/3 of wages are entitlements, and what percentage of wages are government jobs? Another 1/3? So, is 2/3 of our economy government payout? I want to cry now.

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