Income – Transfer Payments
In personal income, transfer receipts are benefits received by persons for which no current services are performed. They are payments by government and business to individuals and non-profit institutions. Specifically, transfer payment income encompasses all receipts from: Retirement and disability; Medical benefits; Income maintenance benefits (SSI, EITC, SNAP, etc.); Unemployment; Veterans’ benefits; Education and training assistance; Other government benefits; Payments from businesses.
Data are from the US Bureau of Labor Statistics Bureau of Economic Analysis (BEA).
Source
Source Description
The Bureau of Economic Analysis is an agency of the Department of Commerce. BEA produces economic accounts statistics that enable government and business decision-makers, researchers, and the American public to follow and understand the performance of the Nation’s economy. To do this, BEA collects source data, conducts research and analysis, develops and implements estimation methodologies, and disseminates statistics to the public.
Methodology
Data are download and processed from the Regional Economic Accounts page, using the Personal Income (State and Local) download tool. The last update for this dataset was November 14, 2019 to show new estimates for 2018.
Data Breakouts Available
- Transfer Payments by Source
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