Figure 6: The income of Americans increasingly depends upon government handouts
Transfer payments of the U.S. federal government as percentage of personal income
Jan ’19
Feb ’19
Mar ’19
Apr ’19
May ’19
Jun ’19
Jul ’19
Aug ’19
Sep ’19
Oct ’19
Nov ’19
Dec ’19
Jan ’20
Feb ’20
Mar ’20
Apr ’20
May ’20
Jun ’20
Jul ’20
Aug ’20
Sep ’20
Oct ’20
Nov ’20
Dec ’20
Jan ’21
Feb ’21
Mar ’21
Apr ’21
15.0
16.0
17.0
18.0
19.0
20.0
21.0
22.0
23.0
24.0
25.0
26.0
27.0
28.0
29.0
30.0
31.0
32.0
33.0
34.0
35.0%
Direct government transfers as % of personal income
22.4%
