- Prison Planet.com - http://www.prisonplanet.com -
Households On Foodstamps Rise To New Record High: More Americans Live In Poverty Than The Population Of Spain
Posted By admin On September 9, 2013 @ 4:39 am In Money Watch | Comments Disabled
Zero Hedge 
September 9, 2013
There was much discussion of Friday’s “disappointing” non-farm payrolls goal-seeked, seasonally adjusted, X-13-ARIMA conceived  jobs “number.” The conclusion was that it showed an economy which one year after the start of QEternity was growing nowhere near where the Fed has projected and hoped it would be at this time. But in addition to the BLS jobs number, there was another just as important number that was released on Friday: the monthly foodstamp (SNAP ) participation update. There was no discussion of this particular number and for good reason. If the NFP number was at least meant to show some economic stability, if subpar, the monthly foodstamp update shows month after month that the greatest depression is nowhere near ending for millions of American living in poverty (83% of SNAP households have gross income at or below 100% of the poverty guideline ($19,530 for a family of 3 in 2013), and these households receive about 91% of all benefits. 61% of SNAP households have gross income at or below 75% of the poverty guideline or $14,648 for a family of 3 in 2013).
To wit: in June, the number of households receiving foodstamps rose to 23.117 million, an increase of 45.9k in one month, and also a new record high. As for the average monthly benefit per household: $274.55, just off record lows.
At the individual level, in June an additional 125,059 Americans started using Foodstamps, i.e. entered poverty. However, the silver lining was that unlike at the household level, the increase to 47.8 million was not a record high. It missed that particular record, set in December 2012, by 31,771.
And while it is understandable why the media has been obsessed with Syria: after all the administration is in dire need of distractions from so many things having gone wrong, it is also understandable why no mainstream media outlet will show the following chart: the change of Americans on foodstamps and disability vs jobs since the start of the Depression in December 2007. The reason is that while over that time period the US still needs to generate an additional 2.2 million jobs to get back to breakeven (ignoring for a minute that the jobs created are mostly part-time or low paying jobs), the number of foodstamp and disability recipients has risen by 22 million!
SNAP and Disability vs Payrolls monthly:
And SNAP and Disability vs Payrolls cumulative:
Finally, putting it all into perspective, there are more Americans on foodstamps than the entire population of Spain.
Source: USDA 
Article printed from Prison Planet.com: http://www.prisonplanet.com
URL to article: http://www.prisonplanet.com/households-on-foodstamps-rise-to-new-record-high-more-americans-live-in-poverty-than-the-population-of-spain.html
URLs in this post:
 Zero Hedge: http://www.zerohedge.com/news/2013-09-08/households-foodstamps-rise-new-record-high-more-americans-live-poverty-population-sp
 X-13-ARIMA conceived: http://www.census.gov/srd/www/x13as/
 SNAP: http://www.fns.usda.gov/pd/34SNAPmonthly.htm
 83% of SNAP households : http://feedingamerica.org/how-we-fight-hunger/programs-and-services/public-assistance-programs/supplemental-nutrition-assistance-program/snap-myths-realities.aspx#
 Image: http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2013/08-2/Household%20SNAP.jpg
 Image: http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2013/08-2/Foodstamp%20Americans%20Jan.jpg
 Image: http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2013/08-2/SNAP%20vs%20NFP.jpg
 Image: http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2013/08-2/Cumulative%20SNAP%20vs%20NFP_1.jpg
 Image: http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2013/08-2/Foodstamps%20vs%20Spain.jpg
 Foodstamps Soar By Most In 16 Months: Over 1 Million Americans Enter Poverty In Last Two Months: http://www.prisonplanet.com/foodstamps-soar-by-most-in-16-months-over-1-million-americans-enter-poverty-in-last-two-months.html
 Foodstamp Usage Remains At All Time High, Record Number Of Households Receive $277 In Poverty Assistance Monthly: http://www.prisonplanet.com/foodstamp-usage-remains-at-all-time-high-record-number-of-households-receive-277-in-poverty-assistance-monthly.html
 Record Number Of US Households On Foodstamps: http://www.prisonplanet.com/record-number-of-us-households-on-foodstamps.html
 US Foodstamp Usage Rises To New Record High: http://www.prisonplanet.com/us-foodstamp-usage-rises-to-new-record-high.html
 Foodstamps Surge By Most In One Year To New All Time Record, In Delayed Release: http://www.prisonplanet.com/foodstamps-surge-by-most-in-one-year-to-new-all-time-record-in-delayed-release.html
Copyright © 2013 PrisonPlanet.com. All rights reserved.