InvestorsHub Logo
Followers 120
Posts 67138
Boards Moderated 0
Alias Born 01/07/2013

Re: rooster post# 279720

Thursday, 05/10/2018 2:12:31 PM

Thursday, May 10, 2018 2:12:31 PM

Post# of 481142
Food Stamp Enrollment Drops by 1.3 Million in Two Months
9 May 2018

Food stamp enrollment dropped by more than 1.3 million in just two months, according to the latest data from the U.S. Department of Agriculture (USDA).

The USDA data reveals that the number of participants in the Supplemental Nutrition Assistance Program (SNAP) plunged from 41,374,348 in December 2017 to 40,032,131 in February 2018—a decrease of 1,342,217.

Food stamp enrollment has dropped by more than half-a-million for the second month in a row in fiscal year (FY) 2018; last month’s data showed that 608,039 discontinued their participation in SNAP.

Using the latest data from the USDA, here is the breakdown of how many people discontinued their SNAP benefits each month of fiscal year (FY) 2018:

October to November- 4,015,110
November to December- 358,242
December to January- 734,178
January to February- 608,039

The continued decline in enrollment during these past few months is on pace with the steady decline in SNAP participation since 2013.

Before then, participation in the federal welfare program swelled to 47.6 million—the highest amount it has ever been since former President Lyndon Johnson authorized the creation of the food stamp program in 1964. Taxpayers spent $79.8 million on SNAP when enrollment reached its peak in 2013.

After 2013, enrollment in SNAP declined as states passed laws requiring food stamp recipients to work, volunteer, attend school, or take part in job training for a set number of hours a week to receive food stamps. The improving economy also contributed to the continuing decline in food stamp usage.

This decline seems to be continuing under the Trump administration, with more than two million benefit recipients discontinuing participation in SNAP during President Trump’s first year in office.

The USDA data shows that since February 2017—Trump’s first full month in office—food stamp enrollment dropped by 2,257,235.

http://www.breitbart.com/big-government/2018/05/09/food-stamp-enrollment-drops-1-3-million-two-months/?utm_source=newsletter&utm_medium=email&utm_term=daily&utm_content=links&utm_campaign=20180509

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.