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Government Free Money Accounts for 19 Percent of All Personal Income
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Government Free Money Accounts for 19 Percent of All Personal Income

by Mish Shedlock, Mish Talk: Free money includes Medicare, Medicaid, SNAP, Social Security, and more, discussed below. Some may object to the term “free money” but the definition of Personal Current Transfer Receipts (PCTR) is “Payments to individuals for which no current services are performed, representing a component of personal income.” I don’t want to get […]
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