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Released: February 08, 2012
Government assistance expands
Source: Tami Luhby, CNNMoney.com (Free Registration)
More than one in three Americans lived in households that received Medicaid, food stamps or other means-based government assistance in mid-2010, according to a new report.
And when Social Security, Medicare and unemployment benefits are included, nearly half of the nation lived in a household that received a government check, according to the analysis of third-quarter 2010 Census data done by the Mercatus Center at George Mason University, a libertarian-leaning think tank. That’s more than 148 million Americans.
Those numbers are on their way up thanks to the Great Recession and its aftermath, which have pushed record numbers of people onto public assistance programs. In particular, the stubbornly high unemployment rate has left millions of Americans in dire straits.
Read Full Article: Government assistance expands
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