Food stamp use hit record 40.8 Million

Discussion in 'Economy' started by hvactec, Aug 5, 2010.

  1. hvactec
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    hvactec VIP Member

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    Bloomberg News / August 5, 2010
    WASHINGTON — The number of Americans who are receiving food stamps rose to a record 40.8 million in May as the jobless rate hovered near a 27-year high, the government reported yesterday.

    Recipients of Supplemental Nutrition Assistance Program subsidies for food purchases jumped 19 percent from a year earlier and increased 0.9 percent from April, the US Department of Agriculture said in a statement on its website.

    Participation has set records for 18 straight months.

    Unemployment in July may have reached 9.6 percent, according to a Bloomberg News survey of analysts in advance of the Aug. 6 release of last month’s rate. Unemployment was 9.5 percent in June, near levels last seen in 1983.

    Story Food stamp use hit record 40.8m in May - The Boston Globe
     
  2. Annie
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  3. Douger
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    Douger BANNED

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    When it hits 80 - 100 million they'll have you right where they want you.
    Slaves.
     

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