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Nearly 40 Million Americans Are Still On Food Stamps – Michael Snyder
If the U.S. economy is “doing well”, then why are almost 40 million Americans still on food stamps? That number is almost exactly where it was at the end of the last recession, and supposedly we have made so much progress since that time. Of course any progress that has been made has been extremely uneven. Earlier today, I wrote about how the gap between the rich and the poor in this country is the biggest that it has been since the 1920s. For years, the Federal Reserve’s quantitative easing program pumped “hot money” into the financial markets, and that was an enormous blessing to the top 1 percent. But meanwhile tens of millions of average families have continued to struggle and the middle class has continued to decline. In the U.S. today, 66 percent of all of our jobs pay less than 20 dollars an hour, and close to 40 million Americans rely on the federal government to feed them every month. The following comes from Bloomberg…
Judging by the number of Americans on food stamps, it doesn’t feel like one of the best job markets in almost a half century and the second-longest economic expansion on record.
Enrollment in the Supplemental Nutrition Assistance Program, better known as food stamps, fell to 39.6 million in April, the most recent government data show. That’s down from a record 47.8 million in 2012, but as a share of the population it’s just back to where it was as the economy emerged from the longest and deepest downturn since the Great Depression.
It is hard to argue that we are a “prosperous nation” with a number like that hanging over our heads.
Yes, some Americans have prospered individually in recent years, but many more have been deeply suffering.
In order for a family of four to qualify for food stamps, they must make less than $2,665 a month…
SNAP is available for households with incomes up to $2,665 per month for a family of four, or 130 percent of the federal poverty level. Recipients are also subject to asset and employment tests, and states can modify the program with federal permission. Households receiving SNAP had an average monthly gross income of $814 in 2016, and 20 percent had no income.
Could your family survive on just $2,665 a month?
Yet that is exactly where tens of millions of Americans find themselves today.
Yesterday I wrote about the “cesspool” that the once beautiful city of Portland, Oregon has become, and in this article I would like to share with you an excerpt from an article about the epidemic of squatters in the city of Detroit…
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