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Eric Basmajian: One-third of personal income comes from government transfers and assets

Eric Basmajian: One-third of personal income comes from government transfers and assets
One-third of income from transfers, assets

Eric Basmajian notes that one-third of personal income now originates from government transfer payments and income from assets.

He adds that this mix of income sources results in lower precautionary savings compared to income earned from employment.

Basmajian has previously reported that the U.S. unemployment rate fell by 0.2% over six months as 920,000 jobs were lost and 1.371 million people left the labor force, according to labor market data. He has also highlighted that record stock market highs have not resulted in greater wealth for most Americans, noting a widening gap due to the AI boom in recent market trends. The recent comments add context to his ongoing coverage of shifting income sources and economic disparities.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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