I was one of the earliest in the financial blogosphere to point out how much of the population was reliant on food stamps back in 2007. At that time it was 1 in 11 Americans (9%). Each year it seems we've hit a new milestone and as of the last count 45.8 million Americans use the service. Let that number sink in... FOURTY FIVE MILLION CITIZENS. That is simply astounding when you sit back and think about it - fully 15% of the population. In the 'richest' country on Earth.
In the last year alone, there has been an 8.1% increase. During part of a 2+ year economic 'expansion'. One shudders to think what happens during the next 'recession'.