"Social Expenditures" In The US Are Higher Than All Other OECD Countries, Except France

“Social Expenditures” In The Us Are Higher Than All Other OECD Countries, Except France by Ryan McMaken, Mises Institute

According to the Organization of Economic Cooperation and Development (OECD), “social expenditures” are expenditures that occur with the purpose of redistributing resources from one group to another, in order to benefit a lower-income or presumably disadvantaged population.

Social Security in the US is one example, and would be considered a “public expenditure” because it involves direct spending by a government agency.

However, governmental bodies in the US and elsewhere also employ a wide array of mandates and tax-based benefits and incentives to carry out social policy. This distinguishes the US in particular from most European countries that rely more on cash benefits...