Census Bureau: 49.1% of US households receive government benefits

This isn't much of a surprise; an aging population eligible for old age benefits like Social Security and Medicare, plus a deep recession that we are still trying to get out of. But it's still shocking to see that in 2008, that number was 44.4%. Wall Street Journal: The 49.1% of the population in a household that gets benefits is up from 30% in the early 1980s and 44.4% as recently as the third quarter of 2008. The increase in recent years is likely due in large part to the lingering effects of the recession. As of early 2011, 15% of people lived in a household that received food stamps, 26% had someone enrolled in Medicaid and 2% had a member receiving unemployment benefits. Families doubling up to save money or pool expenses also is likely leading to more multigenerational households. But even without the effects of the recession, there would be a larger reliance on government. The Census data show that 16% of the population lives in a household where at least one member...(Read Full Post)