Next update: Nov. 2008
|
|
Updated: Nov. 26, 2007 Next update: Nov. 2008 |
Transfer Payments
Transfer payments are payments to persons for which they do not
render services in the current period. As a component of personal
income, they are payments by government and business to individuals
and nonprofit institutions. Although most of transfer payments are
made in cash, they also include medicare, medicaid, and food stamps.
At the State level, approximately 90 percent of total transfer
payments are estimated on the basis of directly reported data. The
remaining 10 percent are estimated on the basis of indirect, but
generally reliable, data.
See also data for
U.S. States.
The source is the Bureau of Economic Analysis.