Not News, Still Jarring: We’re screwed Gen-X; sorry for the mess Gen-Y; learn Chinezes, Millenials

Including Social Security, Medicare, Unemployment Benefits et al:

Even as the economy has recovered, social welfare benefits make up 35 percent of wages and salaries this year, up from 21 percent in 2000 and 10 percent in 1960, according to TrimTabs Investment Research using Bureau of Economic Analysis data.

“The U.S. economy has become alarmingly dependent on government stimulus,” said Madeline Schnapp, director of Macroeconomic Research at TrimTabs, in a note to clients. “Consumption supported by wages and salaries is a much stronger foundation for economic growth than consumption based on social welfare benefits.”

via CNBC’s Fast Money: Welfare State: Handouts Make Up One-Third of U.S. Wages – CNBC.

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About godsowncrunk
I'm King B, the originator of the Jellywhite lyrical style and god's own crunk.

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