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Wages as percentage of income at low
Published: April 26, 2011 at 3:20 PM
WASHINGTON, April 26 (UPI) -- Financial analysis conducted by USA Today found that U.S. wages as a percentage of personal income fell to the lowest point in 82 years in 2010.
Wages made up 51 percent of personal income last year, while government payments hit a record 18.3 percent, as unemployment benefits, rising healthcare costs and a sluggish economy pushed the figure higher, the newspaper said.
In February 2011, wages fell to a record 50.5 percent of personal income, but government payments have leveled off at an annual rate of $2.3 trillion.
Government aid came out to an average of $7,427 per citizen last year, more than double the $3,686 average from 1990 with figures adjusted for inflation.
http://m.upi.com/m/story/UPI-88881303845601/