2022: Comparing aging and government transfer dependency in Hancock County since 1970

2022: Comparing aging and government transfer dependency in Hancock County since 1970

In 2022, Hancock County received $128.4 million in government transfer payments, equivalent to $12,013 per capita. These payments—which include Social Security, Medicare, Medicaid, and income maintenance—accounted for 18% of all personal income in the county, according to information from the Economic Innovation Group. This marks a slight increase in the county’s reliance on government transfers compared to 2012, when such payments made up 15.5%…