Thursday - October 30, 2014
Social Security Impacts North Carolina Economy
Written by Bruce Ferrell   
Saturday, 05 October 2013 03:54

RALEIGH -- New data from AARP is reinforcing the economic impact of Social Security contributions in North Carolina.

AARP Executive Vice President Nancy LeaMond says Social Security’s $762 billion in benefits sparked almost 1.4 trillion in total national spending last year.

"Every dollar of social security received in North Carolina generates $1.89 of total output. This adds up to $45.2 billion in economic output for North Carolina and contributes jobs."

the analysis by AARP’s Public Policy Institute finds 9.2 million jobs benefited from Social Security contributions in 2012 ... 309-thousand jobs in North Carolina.

Last Updated on Saturday, 05 October 2013 04:05
 
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