The EBT recovery – Food stamp cuts impact Wal-Mart: The consequences of a low wage recovery create a larger group of Americans living food stamp to food stamp.
This recovery is the most lopsided recovery the US has faced in more than a generation. Wal-Mart recently announced a big hit to their bottom-line because of the recent cuts to the nationwide food stamp program. Over 47 million Americans now depend on food stamps to get by on a monthly basis to feed their […]
When a dollar store is too expensive: Growing class of poor Americans unable to afford items at dollar stores.
You know things are tough when people face a challenge purchasing goods at dollar stores. The dollar store economy has been robust for the last decade as the US economy has shed the weight of millions of middle class families. As more people move down the economic ladder, these stores hit a critical niche. I […]
United States sets another food stamp record: Households on food stamps at new peak and more Americans live in poverty compared to the entire population of Spain.
The gap between rich and poor in the United States continues to grow in-line with food stamp usage. Many Americans watch in dismay as they view countries like Spain rip its self apart by a massively discontent and unemployed youth movement. Many probably watch thinking that somehow, our problems can never come close to what […]
Paycheck to paycheck and food stamp to food stamp: Study finds 3 out of 4 Americans are one financial emergency away from being out on the street.
The latest food stamp usage data was released with very little attention from the media. 47.7 million Americans are on food assistance spanning a record 23.1 million families. Americans on food stamps reflects deep structural issues in the way our economy employs our population. The recovery in many parts of the US is anything but. […]
Bread, butter, and food stamp economy: Is the US developing a permanent under-class of citizens economically?
The American economy has developed a deep disconnect between its financial markets and the working and middle class. The stock market has soared by 138 percent from the low reached in 2009. Yet very little of this has trickled down to the majority of Americans. In fact, most Americans actually saw little to negative growth […]
United States of Food Stamps: Food stamp usage has grown by 30,000,000 people since 2000. The economics of a food stamp recovery.
I was working through a few pages of Excel data regarding food stamp usage and a troubling milestone has now been breached. Since 2000, we have now added over 30,000,000 Americans to the food stamp program now labeled SNAP. What is even more difficult to understand is this number has moved up nearly unabated since […]
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 […]