Food stamp usage up 14 percent from last year
In November, an additional 394,957 new recipients were added to the food stamps program.
As a logical consequence of the prolonged economic downturn it appears that participation in the federal food stamp program is continuing to rise.Skip to next paragraph
Writer, The PaperEconomy Blog
'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.
Subscribe Today to the Monitor
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 in November, an additional 394,957 new recipients were added to the food stamps program, an increase of 14.17% on a year-over-year basis, while household participation increased 16.49%.
Individual participation as a ratio of the overall civilian non-institutional population has increased 13.23% over the same period.
These results confirm that participation is continuing it's explosive climb, likely as a result of the jump in total unemployment, driving the nominal benefit costs up an lofty 13.86% on a year-over-year basis to $5,814,900,059 for the month.
The Christian Science Monitor has assembled a diverse group of the best economy-related bloggers out there. Our guest bloggers are not employed or directed by the Monitor and the views expressed are the bloggers' own, as is responsibility for the content of their blogs. To contact us about a blogger, click here. To add or view a comment on a guest blog, please go to the blogger's own site by clicking on the link above.