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Food Stamp Rolls to Grow Through 2014, CBO Says

Posted By admin On April 20, 2012 @ 3:21 am In Money Watch | Comments Disabled

Damian Paletta
Wall St Journal [1]
April 20, 2012

The Congressional Budget Office said Thursday that 45 million people in 2011 received Supplemental Nutrition Assistance Program benefits, a 70% increase from 2007. It  said the number of people receiving the benefits, commonly known as food stamps, would continue growing until 2014.

[2]
Click for larger CBO infographic.

Spending for the program, not including administrative costs, rose to $72 billion in 2011, up from $30 billion four years earlier. The CBO projected that one in seven U.S. residents received food stamps last year.

In a report [3], the CBO said roughly two-thirds of jump in spending was tied to an increase in the number of people participating in the program, which provides access to food for the poor, elderly, and disabled. It said another 20% “of the growth in spending can be attributed to temporarily higher benefit amounts enacted in the” 2009 stimulus law.

Full article here [1]


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URLs in this post:

[1] Wall St Journal: http://blogs.wsj.com/economics/2012/04/19/food-stamp-rolls-to-grow-through-2014-cbo-says/?mod=e2tw

[2] Image: http://www.cbo.gov/sites/default/files/cbofiles/images/pubs-images/43xxx/SNAP_Infographic_4_18_2012.png

[3] In a report: http://www.cbo.gov/publication/43175

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