No Result
View All Result
  • Login
Saturday, May 9, 2026
FeeOnlyNews.com
  • Home
  • Business
  • Financial Planning
  • Personal Finance
  • Investing
  • Money
  • Economy
  • Markets
  • Stocks
  • Trading
  • Home
  • Business
  • Financial Planning
  • Personal Finance
  • Investing
  • Money
  • Economy
  • Markets
  • Stocks
  • Trading
No Result
View All Result
FeeOnlyNews.com
No Result
View All Result
Home Economy

41 Million (One in Eight ) US Residents Are on Food Stamps

by FeeOnlyNews.com
6 months ago
in Economy
Reading Time: 3 mins read
A A
0
41 Million (One in Eight ) US Residents Are on Food Stamps
Share on FacebookShare on TwitterShare on LInkedIn


According to the Treasury Department’s report on federal spending for fiscal year 2025, total spending on food stamps—also known as the Supplemental Nutrition Assistance Program (SNAP)—was $106 billion for the twelve-month period ending September 30. Even in our post-covid age of runaway monetary inflation, 106 billion dollars is still, as they say, “real money,” and SNAP spending doesn’t even include other food-subsidy programs like WIC and school lunch programs.  

In spite of much talk about how the Trump administration is supposedly defunding these programs, they’re not going anywhere. For the calendar year of 2025, the US is on pace to see an increase of six to seven billion dollars over 2024’s SNAP spending total of $99.7 billion. This only continues the longer term upward trend in food-stamp spending. 

Indeed, since the Great Recession (i.e., 2008), when total SNAP spending was $52 billion, total spending on the program has doubled—even when measured in inflation-adjusted dollars. 

Source: USDA, SNAP Statistics.

The number of food-stamp recipients has “only” increased by 47 percent over that same period, meaning that per-capita spending for recipients has gone up. In 2008, total SNAP spending per recipient was $1,847. By 2024, overall  per-recipient spending had increased by 30 percent, rising to $2,393. 

The overall trend continues upward although the biggest increases occurred during the first Obama administration, during the Biden years, and under Trump’s mega-spending increases of 2020. 

Source: USDA, SNAP Statistics.

Since 2010, the total percentage of the US population that is on food stamps has not fallen below 12 percent. 

Nationwide, the total percentage of the population receiving food stamps can vary significantly by state, and region. Measured state-by-state, we find that more than one in five residents of New Mexico receive food stamps. In Utah, on the other hand, fewer than one in twenty receive food stamps. 

Source: USDA, SNAP Statistics.

There are sizeable differences by race and ethnicity as well. Although they comprise 58 percent of the US population, non-Hispanic whites account for only 36.5 percent of all SNAP recipients. Blacks comprise about 26 percent of SNAP recipients although blacks are only 12 percent of the US population. Asians comprise 3.3 percent of the food-stamp recipient population. Those who self-identify as Hispanic (of any race) comprise 16 percent of the recipient population. (Note: according to the Census Bureau data used here, “Hispanic” is classified as an ethnicity and not a race. Since fifty percent of Hispanics self-identify as “white,” self-identified whites actually comprise 71 percent of the population, not 58 percent. (Pew studies suggest that 58 percent of Hispanics self-identify as white.)+

Source: “Characteristics of SNAP Households, 2019“, 2020 Census tables P3, P4, P7

Immigration status can be a factor as well. According to the Census Bureau’s Survey of Income and Program Participation (SIPP), more than a third of immigrant-headed households receive food stamps or some other form of food subsidy such as WIC. Nearly half of households headed by illegal-immigrants receive food stamps. (This data is from the 2022 SIPP report.) The percentage for native-born households, on the other hand, is 25 percent. (Note: This is a household number, so is not comparable to the total percentage of individuals in the US population who receive food stamps.)

Source: CIS analysis of 2022 SIPP report data. 

In any case, it is remarkable that one in 8 US residents now receive food stamps, and during a period when the “official” opinion is that the US economy is in excellent shape and in a boom period. This disconnect is due to two factors: First, it has become easier to qualify for food stamps over the past 15 years. Moreover, aggregated data about the overall economy hides the fact that economic conditions for lower income households is not nearly as good as that of higher-income groups. In many cases, thanks largely to the central bank and its monetary inflation, income and wealth have stagnated for middle- and lower- income groups while net worth and income has soared for those who own large amounts of assets and benefit from the financialized economy. 



Source link

Tags: foodMillionResidentsstamps
ShareTweetShare
Previous Post

Risks, Shifts & Strategic Design

Next Post

If You’re 40+ With a Mortgage, These 10 Moves Could Save You $71,000

Related Posts

The Federal Reserve is quickly running out of reasons to cut interest rates

The Federal Reserve is quickly running out of reasons to cut interest rates

by FeeOnlyNews.com
May 8, 2026
0

If the Federal Reserve still has any reasons to cut interest rates in the near future, they're getting harder and...

Market Talk – May 8, 2026

Market Talk – May 8, 2026

by FeeOnlyNews.com
May 8, 2026
0

ASIA: The major Asian stock markets had a negative day today: • NIKKEI 225 decreased 120.19 points or -0.19% to...

Coffee Break: Counterfeit Scientific Papers, Deep Fakes, CDC on the Ropes, MAHA, and Hope from the Middle of the Country

Coffee Break: Counterfeit Scientific Papers, Deep Fakes, CDC on the Ropes, MAHA, and Hope from the Middle of the Country

by FeeOnlyNews.com
May 8, 2026
0

Part the First: Paper Mills and the Corruption of Research.  No not Hammermill.  I don’t think I have actually known...

Hobbes’s State: “Why Are You Hitting Yourself?”

Hobbes’s State: “Why Are You Hitting Yourself?”

by FeeOnlyNews.com
May 8, 2026
0

As kids we may remember the old trope—often seen on TV or in movies—where a stronger kid would overpower a...

England Is Splitting Apart as Labour Collapses

England Is Splitting Apart as Labour Collapses

by FeeOnlyNews.com
May 8, 2026
0

Yves here. I am sure we’ll have many more reports and hot takes on the UK election results in Links...

Advanced Trading Webinar Returns June 26–27 After Sellout Demand

Advanced Trading Webinar Returns June 26–27 After Sellout Demand

by FeeOnlyNews.com
May 8, 2026
0

Sold Out — Due to Overwhelming Demand, A Second Advanced Trading Webinar Has Been Added for June 26–27 The response...

Next Post
If You’re 40+ With a Mortgage, These 10 Moves Could Save You ,000

If You’re 40+ With a Mortgage, These 10 Moves Could Save You $71,000

183 Million Credentials Stolen, Including Millions of Gmail Logins. Google Says Reports Are ‘Greatly Exaggerated.’ Are Your Details Safe?

183 Million Credentials Stolen, Including Millions of Gmail Logins. Google Says Reports Are ‘Greatly Exaggerated.’ Are Your Details Safe?

  • Trending
  • Comments
  • Latest
The 27 Largest US Funding Rounds of March 2024 – AlleyWatch

The 27 Largest US Funding Rounds of March 2024 – AlleyWatch

April 17, 2026
Wells Fargo Transfer Partners: What to Know

Wells Fargo Transfer Partners: What to Know

April 16, 2026
Week 14: A Peek Into This Past Week + What I’m Reading, Listening to, and Watching!

Week 14: A Peek Into This Past Week + What I’m Reading, Listening to, and Watching!

April 6, 2026
The 16 Largest Global Startup Funding Rounds of March 2026 – AlleyWatch

The 16 Largest Global Startup Funding Rounds of March 2026 – AlleyWatch

April 21, 2026
The Justice Department Indicts the Ministry of Love

The Justice Department Indicts the Ministry of Love

May 2, 2026
LPL’s Mariner Advisor Network deal fuels already hot year for RIA M&A

LPL’s Mariner Advisor Network deal fuels already hot year for RIA M&A

April 16, 2026
Coffee Break: Counterfeit Scientific Papers, Deep Fakes, CDC on the Ropes, MAHA, and Hope from the Middle of the Country

Coffee Break: Counterfeit Scientific Papers, Deep Fakes, CDC on the Ropes, MAHA, and Hope from the Middle of the Country

0
FII ownership hits 14-year low to 14.7%; DII cushions Indian markets with 18.9% rise: Report

FII ownership hits 14-year low to 14.7%; DII cushions Indian markets with 18.9% rise: Report

0
Micron surges nearly 38% on week as memory chip rally goes parabolic

Micron surges nearly 38% on week as memory chip rally goes parabolic

0
Capella Hotels plans to double its portfolio by 2030, starting with Florence and Riyadh

Capella Hotels plans to double its portfolio by 2030, starting with Florence and Riyadh

0
Scammers Target Hong Kong Stablecoin Licences Before First Tokens Go Live

Scammers Target Hong Kong Stablecoin Licences Before First Tokens Go Live

0
COLA Increases Aren’t Keeping Up With What Seniors Actually Spend

COLA Increases Aren’t Keeping Up With What Seniors Actually Spend

0
FII ownership hits 14-year low to 14.7%; DII cushions Indian markets with 18.9% rise: Report

FII ownership hits 14-year low to 14.7%; DII cushions Indian markets with 18.9% rise: Report

May 9, 2026
To exercise ESOPs, staff of listed cos can pledge shares in trading window closures

To exercise ESOPs, staff of listed cos can pledge shares in trading window closures

May 8, 2026
Capella Hotels plans to double its portfolio by 2030, starting with Florence and Riyadh

Capella Hotels plans to double its portfolio by 2030, starting with Florence and Riyadh

May 8, 2026
TOMI outlines May 30, 2026 timing for Carbonium Core deal with 0M implied valuation (NASDAQ:TOMZ)

TOMI outlines May 30, 2026 timing for Carbonium Core deal with $120M implied valuation (NASDAQ:TOMZ)

May 8, 2026
California to Give Newborns Free Diapers. What It Means for Families

California to Give Newborns Free Diapers. What It Means for Families

May 8, 2026
COLA Increases Aren’t Keeping Up With What Seniors Actually Spend

COLA Increases Aren’t Keeping Up With What Seniors Actually Spend

May 8, 2026
FeeOnlyNews.com

Get the latest news and follow the coverage of Business & Financial News, Stock Market Updates, Analysis, and more from the trusted sources.

CATEGORIES

  • Business
  • Cryptocurrency
  • Economy
  • Financial Planning
  • Investing
  • Market Analysis
  • Markets
  • Money
  • Personal Finance
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • FII ownership hits 14-year low to 14.7%; DII cushions Indian markets with 18.9% rise: Report
  • To exercise ESOPs, staff of listed cos can pledge shares in trading window closures
  • Capella Hotels plans to double its portfolio by 2030, starting with Florence and Riyadh
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclaimers
  • About Us
  • Contact Us

Copyright © 2022-2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Sign In with Facebook
Sign In with Google
Sign In with Linked In
OR

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Business
  • Financial Planning
  • Personal Finance
  • Investing
  • Money
  • Economy
  • Markets
  • Stocks
  • Trading

Copyright © 2022-2024 All Rights Reserved
See articles for original source and related links to external sites.