This post is an update to a post of April 12 concerning food stamps. The program is officially called “Supplemental Nutrition Assistance Program,” or SNAP. As stated on the SNAP website, “As of Oct. 1, 2008, Supplemental Nutrition Assistance Program (SNAP) is the new name for the federal Food Stamp Program.”
The data was last updated August 3, 2010, reflecting May 2010 levels.
Here is a table showing various statistics with regard to National Level participation and costs going back to FY2007. As seen in this table, the number of people participating as of May 2010 is 40,801,392, up 18.6% from year-ago levels. As a reference point, the figure as of May 2007 was 26,409,288.
As I wrote in the April 12 post, “Of course, what is particularly disconcerting is not only the extent of participation in these programs, but the fact that this is yet another notable statistic that is getting worse well after the purported end of the recession.”
A Special Note concerning our economic situation is found here
SPX at 1066.48 as this post is written