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Loan Modification

: Mortgage Lender Implode-o-Meter

Private wages fall in historic pay shift

By Implode-Explode Heavy Industries

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``A record-low 41.9% of the nation's personal income came from private wages and salaries in the first quarter, down from 44.6% when the recession began in December 2007. Individuals got 17.9% of their income from government programs in the first quarter, up from 14.2% when the recession started. Programs for the elderly, the poor and the unemployed all grew in cost and importance. An additional 9.8% of personal income was paid as wages to government employees. ''

Full post as published by Mortgage Lender Implode-o-Meter on January 06, 2011 (boomark / email).

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