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News Link • Economy - Economics USA

Almost 50 million Americans now on food stamps as nation plunges into widespread poverty

 According to official U.S. Department of Agriculture (USDA) numbers, households on food stamps increased by 45,900 in one month, hitting a staggering new high in June of 23.117 million households, with an additional 125,079 individuals signing up for Supplemental Nutrition Assistance Program (SNAP) benefits, a near-record 47.76 million people that is just below the December 2012 peak of 47.79 million.

More than 80% of those families receiving food stamp benefits are at or below the poverty line, with more than 61% of households drastically below the poverty line, making less than $14,648 in a year per household of three.

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