Skip to: Content
Skip to: Site Navigation
Skip to: Search


Paper Economy

Food stamp use rises in July

Household participation in the food stamp program has been climbing so steadily that it has far surpassed the last peak set as a result of the immediate fallout following hurricane Katrina, according to SoldAtTheTop.

By Guest blogger / October 9, 2012

This chart shows population-adjusted food stamp participation along with the unemployment rate since 2005. Participation continues to swell with nominal benefit costs climbing 2.91 percent on a year-over-year basis to $6.26 billion for the month.

SoldAtTheTop

Enlarge

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.

Recent posts

In fact, household participation has been climbing so steadily that it has far surpassed the last peak (which looks like a minor blip by comparison) set as a result of the immediate fallout following hurricane Katrina.

The latest data released by the Department of Agriculture indicated that in July, 11,532 recipients were added to the food stamps program with the current total increasing 2.95% on a year-over-year basis while household participation increased 5.05% over the same period.

Individual participation as a ratio of the overall civilian non-institutional population has increased 1.39% over the same period.

Participation continues to swell with nominal benefit costs climbing 2.91% on a year-over-year basis to $6.26 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.

  • Weekly review of global news and ideas
  • Balanced, insightful and trustworthy
  • Subscribe in print or digital

Special Offer

 

Editors' picks

Doing Good

 

What happens when ordinary people decide to pay it forward? Extraordinary change...

Endeavor Global, cofounded by Linda Rottenberg (here at the nonprofit’s headquarters in New York), helps entrepreneurs in emerging markets.

Linda Rottenberg helps people pursue dreams – and create thousands of jobs

She's chief executive of Endeavor Global, a nonprofit group that gives a leg up to budding entrepreneurs.

 
 
Become a fan! Follow us! Google+ YouTube See our feeds!