Post by jeffolie on Jul 28, 2012 10:35:29 GMT -6
record food stamps, disability recipients: 55,250,723
My jeffolie Screwflation emphasizes the class differences because the govt numbers are bimodal where the upper 20% of incomes/wealth buys as much as the entire 60% lower income/wealth families.
The most common America continues to be in a 'regular depression' even as the GDP with govt numbers shows tiny growth.
The lowest Americans by income/wealth now has new records:
1. Food Stamps
2. Disability
Disability remains an alternative to govt money from jobless benefits where some could actually work if they could find work ;however, they can not find work resulting in them accepting disability income from SSI or states funding.
=========================================
jeffolie predicts…SCREWFLATION: everything the ‘average American family’ buys goes up in price and everything they own goes down in value. Taxes, fees, charges, special assessment districts from State, Local, etc governments will rise while services from them will decrease. Energy expenses for homes, cars, electricity will rise compounded by additional taxes and fees. Food prices will rise. Health care/insurance expenses will rise; College Tuition will rise; Mortgage/house payments will rise because interest rates will rise seasonally; Rents will rise. The ‘average American family’ wealth will decline. The ‘average American family’ wealth will decline for those still owning their homes because house prices will continue to decline. Food Stamp use will make new records. I prefer screwflation over stagflation because of the regressive impact on middle and lower class families' standard of living and that they have no investments that rise with inflation or money printing and in fact usually have their wealth tied up in declining or negative home equity while the upper 20% of earners usually have investments that will rise in 2012 outside of their home equity.
=====================================================
46.5 Million Americans, Record 22.3 Million US Households, On Foodstamps; 8,753,935 On Disability
07/27/2012
BLS Bureau of Labor Statistics
Combined foodstamp and disability recipients: 55,250,723
America's transition into a welfare state continues, as May saw a new all time high number of American households, 22.3 million to be exact, enter technical poverty and collect foodstamps. At the individual level, 46.5 million Americans lived off foodstamps, a 222,157 increase in the month, or nearly three times the number of people who found jobs in June according to the BLS. Next month this too will be a record, as it is currently just 17,367 before the previous all time high set in December of 2011. The good news, and we use the term loosely, is that the average benefit per household rose from all time lows of $275.82 to $276.76. Surely, the bottom is in and just like housing, there is on blue skies ahead.
And before we go, here is the total number of Americans on disbility: 8,753,935.
Combined foodstamp and disability recipients: 55,250,723
www.zerohedge.com/news/465-million-americans-record-223-million-us-households-foodstamps
My jeffolie Screwflation emphasizes the class differences because the govt numbers are bimodal where the upper 20% of incomes/wealth buys as much as the entire 60% lower income/wealth families.
The most common America continues to be in a 'regular depression' even as the GDP with govt numbers shows tiny growth.
The lowest Americans by income/wealth now has new records:
1. Food Stamps
2. Disability
Disability remains an alternative to govt money from jobless benefits where some could actually work if they could find work ;however, they can not find work resulting in them accepting disability income from SSI or states funding.
=========================================
jeffolie predicts…SCREWFLATION: everything the ‘average American family’ buys goes up in price and everything they own goes down in value. Taxes, fees, charges, special assessment districts from State, Local, etc governments will rise while services from them will decrease. Energy expenses for homes, cars, electricity will rise compounded by additional taxes and fees. Food prices will rise. Health care/insurance expenses will rise; College Tuition will rise; Mortgage/house payments will rise because interest rates will rise seasonally; Rents will rise. The ‘average American family’ wealth will decline. The ‘average American family’ wealth will decline for those still owning their homes because house prices will continue to decline. Food Stamp use will make new records. I prefer screwflation over stagflation because of the regressive impact on middle and lower class families' standard of living and that they have no investments that rise with inflation or money printing and in fact usually have their wealth tied up in declining or negative home equity while the upper 20% of earners usually have investments that will rise in 2012 outside of their home equity.
=====================================================
46.5 Million Americans, Record 22.3 Million US Households, On Foodstamps; 8,753,935 On Disability
07/27/2012
BLS Bureau of Labor Statistics
Combined foodstamp and disability recipients: 55,250,723
America's transition into a welfare state continues, as May saw a new all time high number of American households, 22.3 million to be exact, enter technical poverty and collect foodstamps. At the individual level, 46.5 million Americans lived off foodstamps, a 222,157 increase in the month, or nearly three times the number of people who found jobs in June according to the BLS. Next month this too will be a record, as it is currently just 17,367 before the previous all time high set in December of 2011. The good news, and we use the term loosely, is that the average benefit per household rose from all time lows of $275.82 to $276.76. Surely, the bottom is in and just like housing, there is on blue skies ahead.
And before we go, here is the total number of Americans on disbility: 8,753,935.
Combined foodstamp and disability recipients: 55,250,723
www.zerohedge.com/news/465-million-americans-record-223-million-us-households-foodstamps