Food stamp use declines in February
Food stamp use was down in February, according to the latest food stamps data released by the Department of Agriculture. A notable 213,962 individual recipients were removed from the food stamps program.
As a logical consequence of the prolonged economic downturn, participation in the federal food stamp program is continuing to rise.Skip to next paragraph
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In fact, household participation has been climbing so steadily that it has dwarfed 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 February, a notable 213,962 individual recipients were removed from the food stamps program with the current total still increasing 2.66% on a year-over-year basis.
Individuals receiving food stamp benefits declined to 47.55 million which, as a ratio of the overall civilian non-institutional population, declined 1.66% since February 2012 to now stand at a whopping 19.42% of the population.
Households receiving food stamps benefits declined by 82,324 to 23 million households with the current total rising 3.84% above the level seen a year earlier
As participation continues to swell, so too has the total nominal benefit cost climbing 2.32% on a year-over-year basis to $6.30 billion for the month.
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