10 Depressing Facts About Food Stamps in America

The number of Americans who need help putting food on the table is higher than ever. A staggering 47.6 million people received food stamps last year, equating to 15% of the American population.

What's causing the epidemic? The short answer is that both unemployment and, perhaps even more critically, the duration of joblessness remain elevated in the wake of the financial crisis.

The burden on the federal government reached a climax earlier this year with the passage of the latest farm bill. In an effort to reduce the cost, Congress changed how state program administrators calculate benefits for their residents.

Under the old rules, states were incentivized to provide as little as $1 in energy assistance each month -- known as the Low Income Home Energy Assistance Program -- in order to increase federally subsidized food stamps to their residents. Under the new rules, the threshold is now set at $20.

But regardless of these changes, the fact remains that more Americans than ever rely on help to feed themselves and their families. The following presentation digs into this unfortunate reality by identifying 10 of the most depressing facts about food stamps in America.

Learn about another federal program in desperate need of help
Obamacare seems complex, but it doesn't have to be. In only minutes, you can learn the critical facts you need to know in a special free report called "Everything You Need to Know About Obamacare." This free guide contains the key information and money-making advice that every American must know. Please click here to access your free copy.

Read/Post Comments (0) | Recommend This Article (3)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2877147, ~/Articles/ArticleHandler.aspx, 9/4/2015 12:33:39 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

John Maxfield

John is The Motley Fool's senior banking specialist. If you're interested in banking and/or finance, you should follow him on Twitter.

Today's Market

updated Moments ago Sponsored by:
DOW 16,115.21 -259.55 -1.59%
S&P 500 1,921.85 -29.28 -1.50%
NASD 4,689.26 -44.24 -0.93%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes