http://www.zerohedge.com/news/2013-05-05/recovery-one-five-britons-borrow-money-afford-eat
Submitted by Tyler Durden on 05/05/2013 12:07 -0400
And in the US , note food stamp use ......
Food-stamp use rose 1.8% in the U.S. in January from a year earlier, with 15% of the U.S. population receiving benefits. (See an interactive map with data on use since 1990.)
One of the federal government’s biggest social welfare programs, which expanded when the economy convulsed, isn’t shrinking back alongside the recovery, the Journal reported last month.
Read More...
http://townhall.com/tipsheet/danieldoherty/2013/04/27/oh-my-more-people-collecting-food-stamps-in-the-united-states-than-living-in-spain-n1580000
http://cnsnews.com/blog/joe-schoffstall/record-number-households-food-stamps-1-out-every-5
Recovery?: One-In-Five Britons Borrow Money To Afford To Eat
While GBP jumped and the world celebrated the UK's recent avoidance (for now) of a triple-dip recession (defined on GDP as opposed to reality), the situation in the island nation appears to be going from bad to worse. As Carney takes over the reigns of this once mighty nation he faces a country deeply divided. As the BBC reports, while London real estate prices smash old records, a stunning one-in-five households borrowed money or used savings to cover the costs of food in April. This is the equivalent of five million households unable to fund their food via income alone. Over 80% of these people are concerned about rising food prices (just as print-meister Carney is about to go 'Abe' on them) and almost 60% find it difficult to cope on their current incomes. The director of the consumer group 'Which?', noted that "many households are stretched to their financial breaking point," as "families face a cost of living crisis." While equity and real estate prices hit all-time highs, the opposition sums up the country's feeling, "this incompetent government needs to wake up to the human cost of their failed economic policies."
Over one-third of Britons "feel squeezed"...
One in five UK households borrowed money or used savings to cover food costs in April, a Which? survey says.It suggests the equivalent of five million households used credit cards, overdrafts or savings to buy food....The figures come despite official statistics last week showing that personal insolvencies had dropped to their lowest levels in five years....Results showed that of the households who resorted to using credit or savings to pay for food, most were low income families. Among this group:
- Eight out of 10 (82%) worried about food prices
- More than half (55%) said they were likely to cut back on food spending in the next few months
- Nearly six out of 10 (57%) said they found it difficult to cope on their current income
- A third (32%) borrowed money from friends and family in April
A typical weekly food bill averages about £76, Which? researchers said, up 4% on last year.Of all the people polled, the research showed:
- A quarter said they were living comfortably on their incomes
- More than a third - 36% - felt their finances were under pressure
- Almost one third - 31% - of those surveyed cut back spending on essentials last month, and they were most likely to be women aged between 30 and 49.
...Mr Lloyd, Which? executive director, said: "Our tracker shows that many households are stretched to their financial breaking point, with rising food prices one of the top worries for squeezed consumers....Mary Creagh, Labour's shadow environment secretary, said the UK was facing a "growing epidemic of hidden hunger"."Families face a cost of living crisis and are being forced into debt or to use their savings simply to put food on the table."This incompetent government needs to wake up to the human cost of their failed economic policies and change course now," she added.
And in the US , note food stamp use ......
Food-stamp use rose 1.8% in the U.S. in January from a year earlier, with 15% of the U.S. population receiving benefits. (See an interactive map with data on use since 1990.)
One of the federal government’s biggest social welfare programs, which expanded when the economy convulsed, isn’t shrinking back alongside the recovery, the Journal reported last month.
Read More...
http://townhall.com/tipsheet/danieldoherty/2013/04/27/oh-my-more-people-collecting-food-stamps-in-the-united-states-than-living-in-spain-n1580000
http://cnsnews.com/blog/joe-schoffstall/record-number-households-food-stamps-1-out-every-5
Record Number of Households on Food Stamps-- 1 out of Every 5
April 25, 2013
The latest available data from the United States Department of Agriculture (USDA) shows that a record number 23 million households in the United States are now on food stamps.
The most recent Supplemental Assistance Nutrition Program (SNAP) statistics of the number of households receiving food stamps shows that 23,087,886 households participated in January 2013 - an increase of 889,154 families from January 2012 when the number of households totaled 22,188,732.
The most recent statistics from the United States Census Bureau-- from December 2012-- puts the number of households in the United States at 115,310,000. If you divide 115,310,000 by 23,087,866, that equals one out of every five households now receiving food stamps.
As CNSNews.com previously reported, food stamp rolls in America recently surpassed the population of Spain. A record number 47,692,896 Americans are now enrolled in the program and the cost of food stamp fraud has more than doubled in just three years.
The most recent Supplemental Assistance Nutrition Program (SNAP) statistics of the number of households receiving food stamps shows that 23,087,886 households participated in January 2013 - an increase of 889,154 families from January 2012 when the number of households totaled 22,188,732.
The most recent statistics from the United States Census Bureau-- from December 2012-- puts the number of households in the United States at 115,310,000. If you divide 115,310,000 by 23,087,866, that equals one out of every five households now receiving food stamps.
As CNSNews.com previously reported, food stamp rolls in America recently surpassed the population of Spain. A record number 47,692,896 Americans are now enrolled in the program and the cost of food stamp fraud has more than doubled in just three years.
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