Apr 8 2013

Food service workers at a record high in US economy: Record percent of Americans now employed in food services as a share of total employment coupled with peak food stamp usage.

One of biggest contributors to jobs over the last few years has come from the low-wage food service sector.  A record 7.6 percent of Americans now work in food services and drinking places.  Given that we have 47+ million Americans on food stamps and this figure has boomed in the last decade, it should come […]

Mar 12 2013

An economy of peak food stamp usage, peak Dow, and peak Debt: What does it say about our economy that at the same time the Dow Jones hits a peak, we have the highest percentage of Americans on food stamps?

It is a dichotomy that speaks to the current state of our economy.  Food stamp usage has peaked at the very same time that the Dow Jones Industrial Average is setting new highs.  Of course, the Dow is setting new nominal highs but still has a way to go to catch up to the eroding […]

Feb 17 2013

The difference between investing in the dollar store economy and living in it: 20 percent of Americans now receiving food stamps. Dollar stores become a growth industry and top one percent gobble up all income gains after recession.

Lost in the tireless cheerleading for the stock market which in reality, is largely a sophisticated sham for most Americans, we had a report from the Department of Agriculture that should put things into perspective.  In the latest release of data for November 2012 (released in February 2013), the report noted that 141,067 Americans were […]

Dec 11 2012

The food stamp economic recovery – Food stamps increase by over 600,000 in last month of data. GDP at record levels yet US employment is 4 million below start of recession.

There was a startling figure that came across my desk from the United States Department of Agriculture regarding food stamp usage in the SNAP program.  Food stamp usage has grown dramatically in the last decade even during the debt inspired boom times.  Yet the devil is always in the details as we reported with the […]

Nov 9 2012

The rise of college students applying for food stamps – Mixing of college debt, part-time work, and food stamps. Working 40 hours a week at a minimum wage job does not cover basic costs for a college education.

The drawn out election campaign has now come to an end and very little substantive action is likely to be taken to assist the middle class.  Even more disturbing is how little attention was given to the growing number of poor Americans.  Almost 47,000,000 million Americans are now on food stamps, a record both in […]

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