Food stamp participation on the rise

In August, an additional 492,351 recipients were added to the food stamps program

  • close
    This chart shows the rate of participation in the Federal food stamp program since 2005. Participation is strongly correlated to the unemployment rate, and both have been high over the past three years.
    View Caption
  • About video ads
    View Caption
of

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.

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.

Share this story:

We want to hear, did we miss an angle we should have covered? Should we come back to this topic? Or just give us a rating for this story. We want to hear from you.

Loading...

Loading...

Loading...

Save for later

Save
Cancel

Saved ( of items)

This item has been saved to read later from any device.
Access saved items through your user name at the top of the page.

View Saved Items

OK

Failed to save

You reached the limit of 20 saved items.
Please visit following link to manage you saved items.

View Saved Items

OK

Failed to save

You have already saved this item.

View Saved Items

OK