Paper Economy - A US Real Estate Bubble Blog

Friday, March 05, 2010

On The Stamp: Food Stamp Participation December 2009

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

In fact, household participation has been climbing so steadily that it has far surpassed the last peak set as a result of the immediate fallout following hurricane Katrina.

The latest data released by the Department of Agriculture shows that, on a year-over-year basis, household participation has increased 25.22% while individual participation, as a ratio of the overall population, has increased 21.64% over the same period.

The December results confirm that participation is continuing to climb dramatically, likely as a result of the recent jump in total unemployment, driving the nominal benefit costs up an astounding 43.73% on a year-over-year basis to $5,244,527,739 for the month.




Labels: ,

Copyright © 2013
PaperEconomy Blog - www.papereconomy.com
All Rights Reserved

Disclaimer

0 Comments:

Post a Comment



Links to this post:

Create a Link

<< Home


 
Top Real Estate Blogs Blogarama - The Blog Directory Check Google Page Rank