FALLING LIVING STANDARDS IN THE WEST–FOOD STAMPS
As described in Dr. Pinna’s ECONOMIC RIP TIDE, living standards in the West will fall as the West is drawn into the deeper Economic Ocean where the competition for survival is fierce.
46 MILLION AMERICANS USE FOOD STAMPS
From CNN
Nearly 15% of the U.S. population relied on food stamps in May, according to the United States Department of Agriculture.
The number of Americans using the government’s Supplemental Nutrition Assistance Program (SNAP) — more commonly referred to as food stamps — shot to an all-time high of 45.8 million in May, the USDA reported. That’s up 12% from a year ago, and 34% higher than two years ago.
The program provides monthly benefits to low-income individuals and families, which they can use at stores that accept SNAP benefits.
To qualify for food stamps, an individual’s income can’t exceed $1,174 a month or $14,088 a year — an amount that is 130% of the national poverty level.
The average food stamp benefit was $133.80 per person and $283.65 per household in May.
The highest concentration of food stamp users were in California, Florida, New York and Texas — where more than 3 million residents in each state received food stamps in May.
The rise in food stamp use comes as the U.S. job market continues to sputter, and food prices across the country climb.
But a spike in food stamp users in Alabama may have been responsible for pushing total usage unusually higher in May. Following a series of devastating storms, many residents received disaster assistance under the Disaster Supplemental Nutrition Assistance Program, the USDA said. Food stamp use in the state surged from 868,813 in April to 1,762,481 in May.
Dr. Pinna says:
This is more evidence that the U.S. living standard has been pushed down as the economic depression of 2008 enters its fourth year. While more people are using food stamps to stay alive the earnings of the very wealthy are growing.
The owners of Bank Stocks are benefitting from the Federal Reserves thrusting trillions of dollars into their hands.
Why not thrust trillions of dollars into the hands of the poor?
The group that controls the U.S. money system is eager to save corporations called “Banks”, but have no interest in the unemployed or the working class.
What are we going to do about it?
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