Where in the World Does My Money Go?…

May 2007
Journal of Financial Planning;May2007, Vol. 20 Issue 5, p13
Academic Journal
The article discusses a study by the Employee Benefit Research Institute concerning how money is spent on employee compensation by American businesses. The study revealed that wages and salaries consumed less percentage-wise of the $7 trillion employers spent on employee compensation in 2005 than was spent in the year 1960. The greatest discrepancies between the two time periods were the amount of money spent on health benefits, which rose from slightly more than one-tenth to nearly one-half of all remaining spending.


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