Once again we have growth in the number of families using foodstamps to purchase food. July's data continues to reinforce that Joe 6 Pack is struggling. When we look at the data on a monthly basis, we see that then number of individuals receiving assistance has grown to 41,836,330 which is a monthly increase of 1.36%. Not only is this growth a concern, but the rate of change of that growth is also accelerating. In addition, the year-over-year data shows a staggering 16.7% increase in the number of individuals on foodstamps just from July of 2009!
The down and out guy isn't doing better and the CFOs are getting sour. Obviously these folks aren't getting the message that Wall Street is sending that the good times are here again!
Source date is from the SNAP program website - http://www.fns.usda.gov/pd/34SNAPmonthly.htm
GOATMUG
Posts
No comments:
Post a Comment
Thanks for commenting.... if you are leaving spam or any link that is not related to the post, your comment will not be approved.