John Lettieri, President and CEO of Economic Innovation Group | Official Website
John Lettieri, President and CEO of Economic Innovation Group | Official Website
In total, residents in Carroll County received $775.4 million in government transfers, which accounted for 20.9% of total county income.
Comparatively, across all counties in New Hampshire, government transfer payments totaled $15.5 billion, making up 15.1% of the state residents’ total income, with an average of $11,127 per resident.
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).
Breaking down the contributions in Carroll County at the time, Social Security transfers totaled $340 million, amounting to $6,513 per capita, or 43.8% of total government transfers. Medicare transfers accounted for $206 million ($3,947 per capita), representing 26.6% of the total. Medicaid contributed $126 million ($2,415 per capita), making up 16.3% of total transfers. Income maintenance programs, including assistance such as SNAP or TANF, added another $35.1 million ($672 per capita), or 4.5% of the total.
With 30.6% of the population aged 65 and older, Carroll County has a significant demand for programs like Social Security and Medicare. Total per capita income excluding government transfers in Carroll County was $56,227, far below the county’s total income of $71,081, emphasizing the role of government transfers in overall income.
When comparing 2022 to the previous year, Carroll County saw a decrease of 12.9% in per capita government transfers, from $17,216 to $14,854 per capita.
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 8.21% (or $2,022 per capita in inflation-adjusted 2022 dollars) in 1970 to 17.63% (or $11,542 per capita) in 2022. In Carroll County, reliance on government transfers has similarly increased from 10% (or $2,381 per capita) in 1970 to 20.9% (or $14,854 per capita) in 2022, reflecting broader national trends.
According to the Economic Innovation Group’s analysis, these trends are not merely short-term responses to economic pressures but rather reflect a profound, long-term transformation in how government support is integrated into American life. The study illustrates that structural shifts—from rising healthcare expenses and demographic changes to stagnant wages—have significantly increased dependency on government transfers.
| County | State Rank (Per Capita Transfers) | Per Capita Transfers ($) | Dependency on Transfers (%) | % Population 65+ | Social Security Transfers ($) | Medicare Transfers ($) | Medicaid Transfers ($) | Income Maintenance Transfers ($) |
|---|---|---|---|---|---|---|---|---|
| Coos County | 1 | $17,581 | 33.53% | 25.67% | $197,474,000 | $139,596,000 | $134,453,000 | $35,271,000 |
| Carroll County | 2 | $14,854 | 20.9% | 30.55% | $339,957,000 | $206,008,000 | $126,049,000 | $35,060,000 |
| Belknap County | 3 | $13,419 | 18.36% | 24.1% | $388,784,000 | $241,121,000 | $107,279,000 | $49,561,000 |
| Sullivan County | 4 | $13,114 | 20.5% | 23.48% | $233,251,000 | $151,960,000 | $107,785,000 | $33,596,000 |
| Merrimack County | 5 | $12,469 | 18.15% | 19.78% | $745,205,000 | $449,564,000 | $297,989,000 | $96,750,000 |
| Grafton County | 6 | $12,331 | 16.39% | 22.96% | $462,966,000 | $278,642,000 | $220,767,000 | $58,488,000 |
| Cheshire County | 7 | $12,254 | 19.65% | 22.22% | $403,604,000 | $234,747,000 | $171,372,000 | $56,827,000 |
| Strafford County | 8 | $9,962 | 16% | 16.94% | $528,504,000 | $310,674,000 | $244,229,000 | $89,909,000 |
| Hillsborough County | 9 | $9,956 | 13.87% | 17.24% | $1,745,721,000 | $1,035,397,000 | $775,803,000 | $296,416,000 |
| Rockingham County | 10 | $9,916 | 10.93% | 20.28% | $1,510,950,000 | $874,598,000 | $365,142,000 | $116,555,000 |
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