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Tuesday, April 06, 2010 2:45 PM


Food Stamp Usage Hits Record 39 Million, 14th Consecutive Monthly Increase


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Food stamp usage is up again except the program is now called SNAP Supplemental Nutrition Assistance Program.

Inquiring minds are looking at a SNAP Participation Table that shows a record 39,430,724 receive SNAP benefits, a 22.4% increase from a year ago.

Biggest State Increases

Arizona - 32.9%
Colorado - 32.9%
Florida - 38.6%
Idaho - 45.7%
Nevada - 46.9%
Rhode Island - 42.4%
South Dakota - 32.6%
Utah - 37.3%
Wisconsin - 38.9%
Wyoming - 40.0%

Those numbers are as of January 2010

Households

Household SNAP participants increased from 12,728,981 in Fiscal Year 2008 to 15,232,105 in fiscal year 2009, a 16.4% increase. For comparison purposes, watch the growth in household participation.

SNAP Household Participation

FY 2005 - 11,197,377
FY 2006 - 11,734,491
FY 2007 - 11,789,594
FY 2008 - 12,728,981
FY 2009 - 15,232,105

Cost of SNAP Program

FY 2005 - $31.07 Billion
FY 2006 - $32.91 Billion
FY 2007 - $33.19 Billion
FY 2008 - $37.66 Billion
FY 2009 - $53.63 Billion

Household and cost numbers are as of March 30, 2010.

Clearly the recession took its toll, and will continue to do so until there is a dramatic decrease in the unemployment rate.

Mike "Mish" Shedlock
http://globaleconomicanalysis.blogspot.com
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