How New Hampshire’s older population and government transfer dependency has changed over time

John Lettieri, President and CEO of Economic Innovation Group - Official Website
John Lettieri, President and CEO of Economic Innovation Group - Official Website
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In 2022, New Hampshire received $15.5 billion in government transfer payments, equivalent to $11,127 per capita. These payments—which include Social Security, Medicare, Medicaid, and income maintenance—accounted for 15.1% of all personal income in the state, according to information from the Economic Innovation Group.

This marks a slight increase in the state’s reliance on government transfers compared to 2012, when such payments made up 13.3% of total income. Since then, the share has risen by 1.8%.

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).

In 2022, government transfers in New Hampshire were primarily directed toward programs typically associated with older adults—such as Social Security transfers, which totaled $6.6 billion (42.2% of all transfer income), and Medicare, which accounted for $3.9 billion (25.3%)—played a significant role in the state’s overall income.

On a per capita basis, Social Security payments rose from $3,543 in 2012 and $1,016 in 1970 to $4,699 in 2022, reflecting a 32.6% increase over the past decade and a 362.5% shift since 1970.

Similarly, Medicare transfers climbed from $2,104 in 2012 and $193 in 1970 to $2,811, marking 33.6% and 1,356.5% increases, respectively.

These increases in per capita payments align with shifts in the state’s age distribution. In 2022, residents aged 65 and older made up 20% of the total population, compared to 14.7% in 2012 and 10.6% in 1970. While the senior share of the population has increased, the rise in per capita Social Security and Medicare transfers suggests that these assistance programs for older adults now require a larger share of government funding—either due to growing needs, expanded eligibility, higher benefit levels, or increased enrollment.

According to the Economic Innovation Group, total income in New Hampshire excluding public assistance amounted to $62,783 per capita in 2022, compared to $73,910 when government transfers were included.

Breaking down the other contributions in the state, Medicaid transfers made up $2.6 billion, a 16.4% share of total income, while income maintenance programs, including assistance such as SNAP or TANF, added another $868.4 million, or 5.6% of the total.

Compared to the previous year, New Hampshire’s reliance on government transfers decreased by 2.3%.

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.

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.

Breakdown of Government Transfers by Program in New Hampshire, 2022

2022 U.S.A. State Rankings and Government Transfer Dependency Metrics

State Rank Dependency on Transfers (%) % Population 65+ Social Security Transfers (%) Medicare Transfers (%) Medicaid Transfers (%) Income Maintenance Transfers (%) Per Capita Transfers ($)
West Virginia 1 28.9% 21.1% 33.7% 23.9% 19.8% 10.9% $14,450
New Mexico 2 26.5% 19.3% 27.7% 18.2% 29% 15.7% $13,842
Mississippi 3 25.8% 17.2% 33.6% 26.1% 16.8% 12.1% $11,984
Kentucky 4 24.8% 17.4% 30.9% 23.2% 26.3% 10.1% $12,890
Louisiana 5 23.9% 16.8% 27.2% 23.7% 26.7% 12.8% $13,019
Arkansas 6 23.7% 17.7% 32.7% 23.5% 23.5% 9.6% $12,493
Alabama 7 23.4% 17.9% 35% 25.7% 12.5% 12.4% $11,924
Maine 8 22.7% 22.4% 33.6% 23.7% 20.5% 11.9% $13,779
South Carolina 9 22.4% 18.9% 36.6% 25.8% 12.3% 11% $12,028
Delaware 10 21.9% 20.6% 33.8% 23.3% 23.3% 9.2% $13,866
Michigan 11 20.7% 18.6% 37.4% 25.7% 18.1% 10.7% $11,834
Oklahoma 12 20.7% 16.3% 32% 24.3% 17.2% 12.4% $11,654
Arizona 13 20.7% 18.9% 31.6% 22.1% 24.4% 8.9% $12,093
Alaska 14 20.6% 13.9% 19.4% 13.4% 24% 11.1% $14,153
Ohio 15 20.2% 18.3% 32.5% 25.9% 22.4% 10.8% $11,680
Pennsylvania 16 20.1% 19.5% 33.4% 24.5% 25.4% 9.3% $12,986
Oregon 17 20.1% 19.1% 32.7% 21.4% 26.1% 9.8% $12,514
Vermont 18 20% 21.4% 36.8% 20.8% 24.1% 8.7% $12,623
Missouri 19 19.8% 17.9% 34.7% 26% 20% 8.6% $11,453
Indiana 20 19.8% 16.8% 34.3% 24.3% 22.1% 10.9% $11,545
North Carolina 21 19.8% 17.2% 33.9% 24.3% 15.7% 11.7% $11,491
Rhode Island 22 19.6% 18.8% 32.7% 23% 24.4% 10.2% $12,447
Tennessee 23 19.2% 17.1% 35.3% 25.7% 15.6% 11.5% $11,209
Florida 24 18.9% 21.4% 34.1% 28.9% 12.4% 9.4% $12,269
Montana 25 18.3% 20% 36.2% 22.6% 19.3% 7% $11,163
Hawaii 26 18.2% 18.1% 33.8% 21.5% 19.7% 13.6% $11,236
Wisconsin 27 18.1% 18.6% 38.2% 24.8% 18% 9.5% $11,137
Idaho 28 18% 16.9% 35.9% 22.7% 17.5% 11.5% $10,187
Iowa 29 17.9% 18.1% 37% 24.7% 20.3% 8.4% $10,773
New York 30 17.9% 18% 26.8% 22.2% 32.1% 12.8% $13,463
Georgia 31 17.6% 15% 32.6% 24.7% 13.3% 14.5% $9,964
Kansas 32 16.7% 17% 37.7% 25.9% 15.9% 9.1% $10,119
Nevada 33 16.5% 17% 32.8% 26% 15.5% 12.3% $10,264
Minnesota 34 16.5% 17.3% 33.1% 21.9% 26.4% 9.7% $11,379
Illinois 35 16% 17% 32.1% 24.4% 20.1% 14.9% $10,848
Nebraska 36 16% 16.8% 34.1% 25% 17.6% 8.3% $10,262
South Dakota 37 15.7% 18% 35.8% 24.5% 13.4% 12.4% $10,713
Virginia 38 15.7% 17% 33.3% 21.6% 20.8% 10% $10,811
Texas 39 15.5% 13.4% 28.5% 24.3% 19.9% 13.3% $9,720
California 40 15.5% 15.7% 24.6% 22.5% 26.7% 14.6% $11,927
Maryland 41 15.3% 16.7% 31.7% 24.5% 23.5% 10.7% $10,724
New Hampshire 42 15.1% 20% 42.2% 25.3% 16.4% 5.6% $11,127
Massachusetts 43 14.9% 18% 28.7% 24% 25.1% 15.4% $12,629
Wyoming 44 14.8% 18.6% 37.6% 23.5% 11.5% 6.5% $10,831
New Jersey 45 14.4% 17.3% 33.6% 25.1% 21.3% 10.3% $11,114
Connecticut 46 14.3% 18.6% 34% 25.4% 24% 9% $11,828
Washington 47 14.2% 16.7% 33.8% 20.8% 21.4% 9.8% $10,697
North Dakota 48 14.1% 16.6% 33.9% 23.6% 20.5% 7.8% $9,913
District of Columbia 49 13.8% 13% 17.1% 16.5% 44% 15.8% $13,278
Colorado 50 13.2% 15.6% 30.8% 21.4% 21.3% 13.3% $10,012
Utah 51 12.7% 11.9% 33.7% 21.9% 17.4% 11.6% $7,551


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