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Foodstamp Usage Remains At All Time High, Record Number Of Households Receive $277 In Poverty Assistance Monthly

Posted By admin On April 3, 2012 @ 3:12 am In Money Watch | Comments Disabled

Zero Hedge [1]
April 3, 2012

While we do not know if foodstamp usage is seasonally adjusted, we do know that in January it was virtually unchanged at 46.5 million recipients. And while the actual number of recipients declined by a whisper, the number of households actually receiving benefits increased to a new record of 22.2 million. Lastly, the average monthly benefit per household slide to a multi-year low of $277.27 [2]. First the quality of jobs gets diluted, next the poverty benefits. All in line with the continued dilution of real wealth, simply so nominal indexes can hit fresh 5 year highs – today the S&P hit an intraday high not seen since December 31, 2007. Luckily, soon everyone will be rich and can retire.

Households on foodstamps and average benefits:

Foodstamp Usage Remains At All Time High, Record Number Of Households Receive $277 In Poverty Assistance Monthly  SNAP%20Benefits%20Housholeds 0 [3]

Actual foodstamp recipients.

Foodstamp Usage Remains At All Time High, Record Number Of Households Receive $277 In Poverty Assistance Monthly  SNAP%20January 0 [4]


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URLs in this post:

[1] Zero Hedge: http://www.zerohedge.com/news/foodstamp-usage-remains-all-time-high-record-number-households-receive-277-poverty-assistance-m

[2] multi-year low of $277.27: http://www.fns.usda.gov/pd/34SNAPmonthly.htm

[3] Image: http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2012/03/SNAP%20Benefits%20Housholeds.jpg

[4] Image: http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2012/03/SNAP%20January.jpg

[5] US Foodstamp Usage Rises To New Record High: http://www.prisonplanet.com/us-foodstamp-usage-rises-to-new-record-high.html

[6] Market Celebrates Just Announced Record Foodstamp Usage By Closing At 2010 Highs: http://www.prisonplanet.com/market-celebrates-just-announced-record-foodstamp-usage-by-closing-at-2010-highs.html

[7] Recovery: Record 23 Million American Households Receive Food Stamps: http://www.prisonplanet.com/recovery-record-23-million-american-households-receive-food-stamps.html

[8] Foodstamp Recipients Hit Record, Alongside Record Dow Jones And Record Debt: 20% Of Eligible Americans On EBT: http://www.prisonplanet.com/foodstamp-recipients-hit-record-alongside-record-dow-jones-and-record-debt-20-of-eligible-americans-on-ebt.html

[9] Record Number Of US Households On Foodstamps: http://www.prisonplanet.com/record-number-of-us-households-on-foodstamps.html

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