10 Facts About Food Stamps in America
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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.
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.
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