Thursday, May 1, 2008

As Jobs Vanish and Prices Rise, Food Stamp Use Nears Record

As Jobs Vanish and Prices Rise, Food Stamp Use Nears Record | By ERIK ECKHOLM | Published: March 31, 2008

Driven by a painful mix of layoffs and rising food and fuel prices, the number of Americans receiving food stamps is projected to reach 28 million in the coming year, the highest level since the aid program began in the 1960s.
...
... recent rises in many states appear to be resulting mainly from the economic slowdown, officials and experts say, as well as inflation in prices of basic goods that leave more families feeling pinched. Citing expected growth in unemployment, the Congressional Budget Office this month projected a continued increase in the monthly number of recipients in the next fiscal year, starting Oct. 1 — to 28 million, up from 27.8 million in 2008, and 26.5 million in 2007. ...

No comments: