Friday, August 15, 2008

Recession Era Rations: Food Stamp Participation May 2008

As a logical consequence of the prolonged economic downturn it appears that participation in the federal food stamp program is on the rise.

The latest data released by the Department of Agriculture shows that, on a year-over-year basis, household participation has increased 8.16% while individual participation, as a ratio of the overall population, has increased 6.79%.


Notice that although participation jumped significantly in the wake of hurricane Katrina and then declined, household participation has been increasing notably since early 2007 and has now nearly surpassed the 2005 highs.

Individual participation, person participation as a percentage of the overall non-institutional population, shows program participation increasing now covering 12.18% of the civilian population or nearly 28,500,000 individuals.