$80 billion taxpayer funded food stamp program has doubled in 5 yrs.:
1/27/13, "The new face of food stamps: working-age Americans," AP, Hope Yen
"In a first, working-age people now make up the majority in U.S. households that rely
on food stamps - a switch from a few years ago, when children and the
elderly were the main recipients.
Some of the
change is due to demographics, such as the trend toward having fewer
children. But a slow economic recovery with high unemployment, stagnant
wages and an increasing gulf between low-wage and high-skill jobs also plays a big role. It
suggests that government spending on the $80 billion-a-year food stamp
program - twice what it cost five years ago - may not subside
significantly anytime soon.
Food stamp
participation since 1980 has grown the fastest among workers with some
college training, a sign that the safety net has stretched further to
cover America's former middle class, according to an analysis of
government data for The Associated Press by economists at the University
of Kentucky. Formally called Supplemental Nutrition Assistance, or
SNAP, the program now covers 1 in 7 Americans.
The
findings coincide with the latest economic data showing workers' wages
and salaries growing at the lowest rate relative to corporate profits in
U.S. history."...
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1/27/14, "Food Stamp Recipients Dominated By "Working Age Americans" For First Time On Record," Zero Hedge
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