Per Capita Transfer Payments in Arizona as a Percentage of the National Average
Since Arizona’s economy is more cyclical than the national average and since transfer payments in part consist of countercyclical components such as unemployment benefits and food stamps, per capita transfer payments as a percentage of the national average tend to be highest during economic recessions and lowest during economic expansions. From the 1950s through 2004, Arizona’s figure generally fluctuated between 5-and-15 percent below the national average. However, larger annual increases for 10 consecutive years from 2001 through 2010 put Arizona’s figure marginally above the U.S. average in 2009 and 2010. In 2013, Arizona’s figure was 3 percent below average.