Food stamp participation on the rise
In August, an additional 492,351 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.
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.
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
The latest data released by the Department of Agriculture shows that in August, an additional 492,351 recipients were added to the food stamps program increasing 8.13% on a year-over-year basis and household participation increased 10.32%.
Individual participation as a ratio of the overall civilian non-institutional population has increased 7.34% over the same period.
Participation continues to increase with nominal benefit costs climbing a lofty 7.98% on a year-over-year basis to $6.13 billion 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 paper-money.blogspot.com.