Menu
Share
Share this story
Close X
 
Switch to Desktop Site

Food stamp use down in January

(Read article summary)
View video

SoldAtTheTop

(Read caption) Individuals receiving food stamp benefits declined to 47.27 million in January 2013 which, as a ratio of the overall civilian non-institutional population, increased 0.79 percent since January 2012 to now stand at a whopping 19.32 percent of the population.

View photo

As a logical consequence of the prolonged economic downturn, participation in the federal food stamp program is continuing to rise.

In fact, household participation has been climbing so steadily that it has dwarfed the last peak (which looks like a minor blip by comparison) set as a result of the immediate fallout following hurricane Katrina.

About these ads

The latest data released by the Department of Agriculture indicated that in January, a whopping 514,518 individual recipients were removed from the food stamps program with the current total still increasing 1.78% on a year-over-year basis.

Recommended:Four job trends for 2013

Individuals receiving food stamp benefits declined to 47.27 million which, as a ratio of the overall civilian non-institutional population, increased 0.79% since January 2012 to now stand at a whopping 19.32% of the population.

Households receiving food stamps benefits increased by 23,322 to 23.08 million households with the current total rising 4.05% above the level seen a year earlier

As participation continues to swell, so too has the total nominal benefit cost climbing 2.85% on a year-over-year basis to $6.32 billion for the month.


Follow Stories Like This
Get the Monitor stories you care about delivered to your inbox.