Tuesday, March 8, 2011

Welfare Handouts Make Up a Third of U.S. Wages

CNBC is reporting that handouts are a significant part of U.S. wages:
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.
Wow. Just wow. I don't think that's sustainable.

1 comment:

F said...

That's just great. Now they call SSN part of government payouts. For years, as I was paying into SSN I railed against it. I wanted to invest my own money for my own retirement. But nooooo. It's a good thing I invested as much as I could myself and that is whats keeping me afloat today.