Record 46 Million Americans Are on Food Stamps

September 6, 2012

The number of Americans on food stamps hit a record high in June, and economists don't expect much improvement as long as unemployment remains high.

Those receiving benefits through the Supplemental Nutrition Assistance Program numbered 46.37 million, the government said in a report that hit just days ahead of the monthly nonfarm payrolls report, which the Labor Department releases Friday.

The two numbers are inextricably linked as the economy battles its way back from the crippling recession that the National Bureau of Economic Research says ended in 2009.

"The unemployment data is not really telling us the true story of how many people are underemployed," says Peter Cardillo, chief market economist at Rockwell Global Capital in New York. Food stamps are "a good indication of how the income of the workforce has stagnated and more and more people are applying for food stamps."

With 22.4 million households using food stamps, fully 15 percent of the American population is on the program. The costs, at $6.025 billion for the month, are just off the all-time record though the average monthly benefit per person has declined modestly to $132.96.

While the unemployment rate actually has come down from the 10 percent readings it showed in 2009, the amount of participants for the SNAP program has soared.

There were fewer than 31 million people on food stamps as recently as November 2008, but an aggressive effort from President Obama's administration has helped build participation, with the total increasing by 44 percent since the president took office in January 2009.

Liberal commentator Alan Colmes, in a Wall Street Journal op-ed piece Tuesday, cites the expansion as a key achievement of the Obama administration, as participants "only stay on it an average of nine months" and circulate $1.73 back into the economy for each food stamp dollar spent.

FINISH

 


blog comments powered by Disqus

'Stand with Israel': Code Pink's Medea Benjamin gets photobombed [pic]

July 23, 2014  01:11 AM

"That's an awesome troll."

Centrist socialists, dogs and cats living together, mass hysteria!

July 23, 2014  00:06 AM

"Liberal Twitter stupidity reaches new depths daily."

Comedy gold: Iowahawk wants to be Obama's wacky neighbor

July 22, 2014  10:25 PM

We would totally watch this.

POTUS on news: 'Whatever they're reporting about, usually I know'

July 22, 2014  10:20 PM

Unless it's a scandal.

AOSHQ Decision Desk projects David Perdue win in #GASen runoff

July 22, 2014  09:40 PM

Others aren't quite calling the race yet, but it does look like a (narrow) Perdue victory.

FSM Archives

More in NEWS ( 1 OF 25 ARTICLES )