11 Percent of Americans Living on Food Stamps

There are 306 million Americans living in the United States, shockingly, 34.4 million of them are now on Foodstamps.

U.S. food stamp list tops 34 million for first time

WASHINGTON (Reuters) – For the first time, more than 34 million Americans received food stamps in May, the government said on Thursday, another symptom of the longest and one of the deepest recessions since the Great Depression.

Enrollment surged by 2 percent to reach a record 34.4 million people, or one in nine Americans, in the latest month for which figures are available.

It was the sixth month in a row that enrollment set a record. Every state recorded a gain, and Florida had the largest increase at 4.2 percent.

Food stamp enrollment

Month Total

May 34.409 million

April 33.758 million

March 33.157 million

February 32.556 million

January 32.205 million

December 2008 31.784 million

November 2008 31.097 million

October 2008 31.050 million

September 2008 31.586 million

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Notice the relentless climb in the numbers? Guess what… those numbers are not “seasonally adjusted.” There is no “birth/death” model used. It simply is what it is and it is shocking – 11.24% of the entire population.

Please compare and contrast that reality with the bonuses on Wall Street or with the money printing games being played by the Fed, Treasury, and central banks.

In Zimbabwe, they printed easy money too and the people starve as the cost of a loaf of bread becomes unaffordable. They have no food stamps in Zimbabwe, but for a while they had the best performing stock market in the world. For a while.

About Nathan A. Martin 120 Articles

Nathan A. Martin is President of Wingman Investments, LLC, and author of the book Flight to Financial Freedom – Fasten Your Finances. He sees people, both young and old, facing a new era where they are forced to be responsible for their own financial success or failure. His message is clear; become financially literate or be a victim of the external forces that are impacting everyone. Nathan possesses an undergraduate degree in Professional Aviation and Business as well as a Master’s degree in Aviation Management and Operations.

A former Air Force and retired airline pilot, his flying took him the world over participating in many operations including the invasion of Panama, and combat time during Operation Desert Storm. Experience has come over 26 years of flight - logging more than 12,000 flight hours both civilian and military, and as the owner of a corporate aviation management company whose focus was aircraft efficiency.

Influenced by his parents entrepreneurial activities, Nathan began his business and investment training early in life and has used that knowledge every step along the way... from business school to his own corporations and personal investments.

Visit: Nathan's Economic Edge

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