With 50,000,000 people on food stamps, the core customer for everyone in the food business, outside of Ruth’s Chris steak House, is food stamp recipients.
Per the census, there are approximately 115,226,802 households in the United states 49,900,000 on food stamps and approximately 313,000,000 million people, give or take ten to twenty illegals. @ 2.6 people per households that is almost 19.2 million households food stamp dependent. That is i in six. ONE IN SIX.
SNAP benefits cost $76.4 billion in fiscal year 2013. Almost $80 billion for ONE Federal food program. Lots of money in poverty.
I just read an article by an economist who is predicting some very bad economic gloom on the horizon. He said people have lulled into the belief that things are actually improving, when in reality the End Game is already in motion. He said Food Stamps mask the real poverty and, yes, the economic depression we are really in.