John Lettieri, President and CEO of Economic Innovation Group | Official Website
John Lettieri, President and CEO of Economic Innovation Group | Official Website
Among all government transfer programs, Income Maintenance was the smallest contributor in the county. Social Security was the largest contributor, totaling $1.75 billion, equating to $4,092 per capita and making up 41.1% of total transfers.
Comparatively, Income Maintenance transfers across New Hampshire amounted to $868.43 million, ranking lowest among all transfer types within the state. This translates to an average of $622 per capita, or 5.6% of total government transfers. Including all transfer types, government transfer payments totaled $15.52 billion, accounting for 15.1% of residents’ total income, with an average of $11,127 per resident.
Medicare was the second largest contributor in Hillsborough County in 2022, accounting for $1.04 billion, averaging $2,427 per capita, representing 24.4% of transfers. Medicaid transfers provided another $775.8 million, averaging $1,819 per capita and comprising 18.3% of government support, making them the third largest contributors.
Government transfer payments are non-repayable funds provided by federal, state, or local governments to support individuals in need. These payments aim to stabilize economic conditions and provide financial support during hardships. Key programs include Social Security transfers (retirement benefits), Medicare transfers (healthcare for seniors), Medicaid transfers (healthcare for low-income individuals), and income maintenance transfers (financial assistance for basic needs).
With 17.2% of the population aged 65 and older, Hillsborough County has a significant demand for programs like Social Security and Medicare. Despite this aid, the total per capita income in Hillsborough County, excluding government transfers was $61,805, which is below the county's total income of $71,762, emphasizing the role of government transfers in overall income.
When comparing 2022 to the previous year, Hillsborough County saw no change in its Income Maintenance transfer dependency.
Government transfers have long been a modest financial safety net, historically comprising only a small fraction of Americans' income. However, since the 1970s—sometimes dubbed the “Great Transfer-mation”—dependency has surged from 8.2% (or $2,022 per capita in inflation-adjusted 2022 dollars) in 1970 to 17.6% (or $11,542 per capita) in 2022 nationwide. In Hillsborough County, reliance on government transfers has similarly increased from 7% (or $1,750 per capita) in 1970 to 13.9% (or $9,956 per capita) in 2022.
According to the Economic Innovation Group’s analysis, these trends are not merely short-term responses to economic pressures but rather reflect a profound, long-term transformation in how government support is integrated into American life. The study illustrates that structural shifts—from rising healthcare expenses and demographic changes to stagnant wages—have significantly increased dependency on government transfers.
| County | Rank | Dependency on Transfers (%) | % Population 65+ | Social Security Transfers (%) | Medicare Transfers (%) | Medicaid Transfers (%) | Income Maintenance Transfers (%) | Per Capita Transfers ($) |
|---|---|---|---|---|---|---|---|---|
| Hillsborough County | 1 | 13.9% | 17.2% | 5.7% | 3.4% | 2.5% | 1% | $9,956 |
| Rockingham County | 2 | 10.9% | 20.3% | 5.2% | 3% | 1.3% | 0.4% | $9,916 |
| Merrimack County | 3 | 18.2% | 19.8% | 7% | 4.2% | 2.8% | 0.9% | $12,469 |
| Strafford County | 4 | 16% | 16.9% | 6.4% | 3.8% | 3% | 1.1% | $9,962 |
| Grafton County | 5 | 16.4% | 23% | 6.8% | 4.1% | 3.2% | 0.9% | $12,331 |
| Cheshire County | 6 | 19.7% | 22.2% | 8.4% | 4.9% | 3.6% | 1.2% | $12,254 |
| Belknap County | 7 | 18.4% | 24.1% | 8.2% | 5.1% | 2.3% | 1% | $13,419 |
| Carroll County | 8 | 20.9% | 30.6% | 9.2% | 5.6% | 3.4% | 0.9% | $14,854 |
| Sullivan County | 9 | 20.5% | 23.5% | 8.3% | 5.4% | 3.8% | 1.2% | $13,114 |
| Coos County | 10 | 33.5% | 25.7% | 12% | 8.5% | 8.1% | 2.1% | $17,581 |
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