Food stamp usage on the rise
Food stamp usage has increased 25 percent on a year-over-year basis.
As a logical consequence of the prolonged economic downturn it appears that participation in the federal food stamp program is on the rise.Skip to next paragraph
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'SoldAtTheTop' is not a pessimist by nature but a true skeptic and realist who prefers solid and sustained evidence of fundamental economic recovery to 'Goldilocks,' 'Green Shoots,' 'Mustard Seeds,' and wholesale speculation.
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In fact, household participation has been climbing so steadily that it has far surpassed the last peak set as a result of the immediate fallout following hurricane Katrina.
The latest data released by the Department of Agriculture shows that, on a year-over-year basis, household participation has increased 25.22% while individual participation, as a ratio of the overall population, has increased 21.64% over the same period.
The December results confirm that participation is continuing to climb dramatically, likely as a result of the recent jump in total unemployment, driving the nominal benefit costs up an astounding 43.73% on a year-over-year basis to $5,244,527,739 for the month.
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