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In 2013, there were a record number of food-stamp recipients. This presentation delves into 10 facts that are critical to understanding this epidemic.
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FOOD STAMPS10 Facts about
in America
Here’s a depressing fact for you…
Americans are on food stamps46.8 million
That equates to 15% of theU.S. POPULATION
To make things worse…
set a record for the number of people receiving benefits.2013
47.6 Millio
n
Here’s the average annual number of food stamp recipients since 1970…
4.3 Millio
n
That equates to a 1,007% increase!
Meanwhile,the population of the United States has increased only
54%
In other words…
The growth in food stamp recipients has outpaced general
population growth by 953%!
But before you get TOO DEPRESSED…
There is some GOOD NEWS.
Over the last year, the number of food stamp recipients has
started to fall.
Dec. 2012 Nov. 2013 Dec. 2013
47,792,05647,035,644 46,782,047
Food stamp recipients by month...
This has dropped the monthly overall cost of the program to
$5.8 BILLION
This is down from a record $6.5 BILLION in Nov. 2012.
Also helping on this front...
The average benefit per person is dropping...
Dec. 2012 Dec. 2013
$133.70
$124.39
Average monthly benefit per person...
-7%
And, just for good measure...
$10.55
$124.39
Here’s the NOMINAL average monthly benefit per person since 1970 (+1,079%)…
And here it is if you adjust for INFLATION (+100%)…
$124.39
$62.31
In sum...
While costs to the government from the food stamp program are going
DOWN
There are still a near-record number of recipients thanks to the ongoing economic malaise.
RECAP: 10 Facts about FOOD STAMPS in America 1. Number of food stamp recipients: 46.8 million.
2. This equates to 15% of the U.S. population.
3. 2013 was a record year in terms of the number of enrollees.
4. Since 1970, the number of recipients has increased 1,007%.
5. This has outpaced population growth by 953%.
6. The number has finally started to fall, dropping the overall monthly
cost of the program to $5.8 billion.
7. At the peak, the overall monthly cost was $6.5 billion (Nov. ’12).
8. Also contributing to this is a 7% drop in the average monthly benefit
per person.
9. Still, over the last 44 years, the nominal monthly benefit per person
has grown by 1,079%.
10. Adjusted for inflation, that equates to a 100% increase.
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