Personal current transfer receipts
This component of personal income is payments to persons for which no current services are performed. It consists of payments to individuals and to nonprofit institutions by Federal, state, and local governments and by businesses.Government payments to individuals includes retirement and disability insurance benefits, medical benefits (mainly Medicare and Medicaid), income maintenance benefits, unemployment insurance compensation, veterans benefits, and Federal education and training assistance. Government payments to nonprofit institutions excludes payments by the Federal Government for work under research and development contracts. Business payments to persons consists primarily of liability payments for personal injury and of corporate gifts to nonprofit institutions.
Related Data Tables
For estimates relating to Personal current transfer receipts please see the following tables
- In the annual state personal income and employment category: SA30
- In the county annual personal income and employment category: CA30
- In the quarterly state personal income category: SQ35