Today, America’s economy seems to be increasingly split between the Haves and Have-Nots. Wages and salaries accounted for a record low of 50.6% of personal income during January. This percentage has been on a downtrend since the data began in January 1959 at 66.2%.
Since 1959, the percentage of personal income attributable to government social benefits has increased from 5.9% to 17.7% currently. (We update these charts monthly for our subscribers in Social Welfare In America.)