US consumers are increasingly dependent on Medicare, Medicaid, SNAP and Social Security.
Personal Current Transfer Receipts Definition
Q: What are Personal Current Transfer Receipts?
A: The Bureau of Economic Analysis (BEA) explains PCTR consists of income payments to persons for which no current services are performed. It is the sum of government social benefits and net current transfer receipts from business.
Medicare, Medicaid, SNAP (food stamps), housing subsidies, and Social Security are examples.
Personal Current Transfer Receipts Detail
Personal Current Transfer Receipts Detail Amounts
Total PCTR: 4.99 trillion
Social Security: 1.58 trillion
Me…
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