10 Facts About Food Stamps in America

download 10 Facts About Food Stamps in America

of 28

Embed Size (px)

description

In 2013, there were a record number of food-stamp recipients. This presentation delves into 10 facts that are critical to understanding this epidemic.

Transcript of 10 Facts About Food Stamps in America

  • FOODSTAMPS 10 Facts about in America
  • Heres a depressing fact for you
  • Americans are on food stamps 46.8 million
  • That equates to 15% of the U.S. POPULATION
  • To make things worse
  • set a record for the number of people receiving benefits.2013
  • 1970 1980 1990 2000 2010 47.6 Million Heres the average annual number of food stamp recipients since 1970 4.3 Million
  • 1970 1980 1990 2000 2010 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.
  • 47,792,056 47,035,644 46,782,047 Dec. 2012 Nov. 2013 Dec. 2013 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...
  • $133.70 $124.39 Dec. 2012 Dec. 2013 Average monthly benefit per person...
  • And, just for good measure...
  • 1970 1980 1990 2000 2010 $10.55 $124.39 Heres the NOMINAL average monthly benefit per person since 1970 (+1,079%)
  • 1970 1980 1990 2000 2010 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
  • 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.
  • To learn about one more government program in desperate need of attention, check out The Motley Fools latest FREE REPORT on Obamacare. In only minutes, youll be able to learn the critical facts you need to know in order to profit from this earthshaking change in policy. Simply click here now, to access a free copy instantly.