Friday, November 25, 2011

The $65billion food stamp swindle: Stores accused of trading welfare credits for cash..?

FOOD STAMPS BY THE NUMBERS

One in 15 people in America is now living in poverty with almost 15 per cent of the population now on food stamps.
The ranks of the poor applying for food stamps increased by a worrying 8.1 per cent over the past year to make a total of 45.8 million.
About 20.5 million Americans, or 6.7 per cent of the U.S. population, make up the poorest poor, defined as those at 50 per cent or less of the official poverty level. 
Those living in deep poverty represent nearly half of the 46.2 million people scraping by below the poverty line. In 2010, the poorest poor meant an income of $5,570 or less for an individual and $11,157 for a family of four.
That 6.7 per cent share is the highest in the 35 years that the Census Bureau has maintained such records, surpassing previous highs in 2009 and 1993 of just over 6 percent.

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