Government spending on social programs rising
New government data shows that rising government spending on entitlement programs is outpacing tax receipts and contributing to income growth.Data from the Bureau of Economic Analysis (BEA) showed that private wages grew by $67 billion in the early months of 2025, while government payments to Americans through social programs increased by $162 billion.In January and February, the BEA's data showed that workers in private industries saw income from wages and salaries […]
