Americans earned an additional $1.1 trillion last year -- the most ever in data dating back to 1930 -- thanks entirely to stimulus checks and other government aid.
Total U.S. personal income rose 6.1% last year to $19.7 trillion as a surge in pandemic-era aid outpaced gains in wages, property values and other sources of wealth, according to the U.S. Bureau of Economic Analysis.
The dollar amount of so-called transfer receipts, which include Covid relief payments, steered income growth in 26 states while increases in other types of personal income led in 25 including the District of Columbia, the preliminary ...
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