Food stamp use declines in February

Food stamp use was down in February, according to the latest food stamps data released by the Department of Agriculture.?A notable 213,962 individual recipients were removed from the food stamps program.

By SoldAtTheTop,?Guest blogger / May 13, 2013

A notable 213,962 individual recipients were removed from the food stamps program in February, with the current total still increasing 2.66 percent on a year-over-year basis.

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As a logical consequence of the prolonged economic downturn, participation in the federal food stamp program is continuing to rise.

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Writer, The PaperEconomy Blog

'SoldAtTheTop' is not a pessimist by nature but a true skeptic and realist who prefers solid and sustained evidence of fundamental economic recovery to 'Goldilocks,' 'Green Shoots,' 'Mustard Seeds,' and wholesale speculation.

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In fact, household participation has been climbing so steadily that it has dwarfed the last peak (which looks like a minor blip by comparison) set as a result of the immediate fallout following hurricane Katrina.

The latest?data released by the Department of Agriculture?indicated that in February, a notable 213,962 individual recipients were removed from the food stamps program with the current total still increasing 2.66% on a year-over-year basis.

Individuals receiving food stamp benefits declined to 47.55 million which, as a ratio of the overall civilian non-institutional population, declined 1.66% since February 2012 to now stand at a whopping 19.42% of the population.

Households receiving food stamps benefits declined by 82,324 to 23 million households with the current total rising 3.84% above the level seen a year earlier

As participation continues to swell, so too has the total nominal benefit cost climbing 2.32% on a year-over-year basis to $6.30 billion for the month.

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Source: http://rss.csmonitor.com/~r/feeds/csm/~3/tGBDYk4x7Es/Food-stamp-use-declines-in-February

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