40 million on food stamps in the USA

Discussion in 'Economics' started by retaildaytrader, Aug 6, 2010.

  1. Poverty is at an all time high.
    --------------------

    "We've done so much with so little we can do anything with nothing"

    (derivatives desk memo)
     
    #11     Aug 6, 2010
  2. Here is the link. Thats right, 1 in 8 Americans are now on food-stamps. The food-stamp program does not have actual stamps anymore, but they give you a credit card and the average benefit is about $130 a month.

    In order to qualify, you go to your state's website and input the figures. I checked it out and it said for me that I had to have an income of less then 1600 a month to qualify.

    http://www.reuters.com/article/idUSTRE6465E220100507
     
    #12     Aug 6, 2010
  3. zdreg

    zdreg

    there is an asset test of under $2000/person. how do people qualify with such a low limit?
     
    #13     Aug 6, 2010
  4. u21c3f6

    u21c3f6

    So do you qualify?

    Joe.
     
    #14     Aug 6, 2010
  5. jeb9999

    jeb9999

    Complete and utter nonsense.

    The poverty and deprivation of the Great Depression was far worse than what is happening now. The official unemployment rate for 1933 was 24.9%.

    Give it some time and maybe your wish will come true.
     
    #15     Aug 6, 2010
  6. S2007S

    S2007S



    My friend just rented a 3 bedroom house, eat in kitchen, dining room, living room, washer and dryer, use of backyard, street parking.

    $1800 a month.

    Another friend just rented a one bedroom for $1225 a month and that doesn't include the price of the parking which is an additional $50 a month.
     
    #16     Aug 6, 2010
  7. olias

    olias

    That raises a good point: $1,600 can go a lot further in one area than another. The figures for qualifying should vary based on the cost of living for that area
     
    #17     Aug 6, 2010
  8. Pre Clinton number the number is about 17%. That would be apples to apples comparison http://www.bls.gov/news.release/empsit.t15.htm
     
    #18     Aug 6, 2010
  9. Bob111

    Bob111

    correct..

    the trenton is even bigger sh**e than camden(see thread about libraries).

    http://www.city-data.com/housing/houses-Trenton-New-Jersey.html

    http://quickfacts.census.gov/qfd/states/34/3474000.html

    White persons, percent, 2000 (a) 32.6%
    Black persons, percent definition and source info Black persons, percent, 2000 (a) 52.1%

    Persons of Hispanic or Latino origin, percent, 2000 (b) 21.5%


    Median year house/condo built: 1939

    Median year apartment built: 1939
     
    #19     Aug 6, 2010