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May 26, 2010
Graph of the Day for May 26, 2010
"Everybody talks about government was doing this, government was doing that. Now, what we did was we encouraged the private sector, gave them the funding, the financing, the support, the infrastructure support in order to invest and get the economy moving again." President Obama, May 18, 2010.
Personal Income: Private Wages vs Government Benefits
Data source: USA Today.
Hoven's Index for May 26, 2010
Personal income in March, 2010:
Private wages: $5,126.5 billion
Employer contributions to private pensions: $1,057.9 B
Employer contributions to government insurance: $471.0 B
Private asset earnings: $3,135.2 B
Government wages: $1,200.6 B
Government transfer payments: $2,201.0 B
Non-government transfers: $33.3 B
Less contributions for government social insurance: $986.4 B
Less personal taxes: $1,145.8
Disposable personal income (sum of above): $11,093.3 B
Source: US Dept. of Commerce, Bureau of Economic Analysis.
Graph of the Day Archive.