Economy and Finance
Over 500,000 More People Added to Food Stamp Rolls In the Last Year
The latest data released by the Department of Agriculture shows that in September, an additional 521,428 new recipients were added to the food stamps program, an increase of 15.42% on a year-over-year basis.
Individual participation as a ratio of the overall civilian non-institutional population has increased 14.45% over the same period.
These results confirm that participation is continuing it’s explosive climb, likely as a result of the jump in total unemployment, driving the nominal benefit costs up an lofty 16.30% on a year-over-year basis to $5,741,336,112 for the month.
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