Personal current transfer receipts
Personal current transfer receipts are benefits received by persons for which no current services are performed. It consists of benefits received by individuals and nonprofit institutions that primarily serve individuals from federal, state, and local governments and from businesses. Benefits received by individuals from government include retirement and disability insurance benefits (mainly Social Security), medical benefits (mainly Medicare and Medicaid), income maintenance benefits, unemployment insurance compensation, veterans' benefits, and federal education and training assistance. Benefits received by nonprofit institutions from government exclude payments by the federal government for work under research and development contracts. Benefits received by individuals from businesses consist of receipts from insurance companies (commercial automobile liability, medical malpractice, and net insurance settlements), corporate cash prizes, business losses due to fraud and unrecovered thefts, receipts from personal injury trust funds, and BP oil spill payments.
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