As a logical consequence of the prolonged economic downturn it appears that participation in the federal food stamp program is continuing to 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 in August, an additional 492,351 recipients were added to the food stamps program increasing 8.13% on a year-over-year basis and household participation increased 10.32%.
Individual participation as a ratio of the overall civilian non-institutional population has increased 7.34% over the same period.
Participation continues to increase with nominal benefit costs climbing a lofty 7.98% on a year-over-year basis to $6.13 billion for the month.
