Foodstamp Recipients Hit Record High, Alongside Record Dow Jones And Record Debt: 20% Of Eligible Americans On EBT

Foodstamp Recipients Hit Record, Alongside Record Dow Jones And Record Debt: 20% Of Eligible Americans On EBT (ZeroHedge, March 11, 2013):

Record Dow Jones, record US debt ($16,701,846,937,879.74), and now, once more, record number of Americans on foodstamps. According to the USDA, an all time high of 47,791,966 Americans closed 2012 in possession of the highly desired Electronic Benefits Transfer (EBT) card, managed by who else but JPMorgan. And with a civilian non-institutional population of 244.4 million in December, this means that a record 19.56% of eligible Americans are on Foodstamps. In December an additional 109,924 Americans became reliant on foodstamps for their poverty-level needs, bringing the total to 47.8 million.

Number of US households on foodstamps: also a record of 23.1 million, with the average monthly benefit of $277.09.

And as a percentage of the total civilian non-institutional population.

Record wealth effect for the 1%, foodstamps for the poorest 20%, and a middle class on the verge of extinction. How is this possible and what happens next? Read Dylan Grice’s piece posted earlier for all the answers.

1 thought on “Foodstamp Recipients Hit Record High, Alongside Record Dow Jones And Record Debt: 20% Of Eligible Americans On EBT

  1. The DOW is controlled by a few individuals working with hundreds of millions in large funds. Over 80% of all transactions are High Frequency, large amounts of stock is bought and sold in less than 8 seconds. Dylan Ratigan exposed that scam over 3 years ago, and he has vanished from the media for his honesty. They eliminate anyone who tells the truth. The DOW is rigged beyond belief, and nobody with a grain of sense believes it. I have friends who have sold out, they know it cannot hold for much longer.
    If your numbers on foodstamps are correct, 1 in 5 people now relies on foodstamps in order to eat. That means the same people go hungry by the end of the month. Hunger spurs revolution more than anything else.
    I am so disgusted at the nightmare America has become. I won’t be here much longer, thank goodness, but am advising my young friends to look to other countries for careers and more opportunity for a decent life. If I were 20, I would leave this country for good. Fascism isn’t a good type of government to live under, and that is what we have.

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