- Go back to sleep people! Nothing to see here. DowJones making a new record high, the economy is recovering! Yeah right!? Pigs fly all the time!
Foodstamp Recipients Hit Record, Alongside Record Dow Jones And Record Debt: 20% Of Eligible Americans On EBT!
by Tyler Durden, www.zerohedge.com
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.