+

Cookies on the Business Insider India website

Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.

Close
HomeQuizzoneWhatsappShare Flash Reads
 

There's No Sign Of Economic Recovery In America's 'Soup Lines' [Chart]

Apr 9, 2013, 19:58 IST

For those getting increasingly optimistic about the U.S. economic recovery, here's a pretty depressing chart from James Bianco (via The Gartman Letter).

Advertisement

This chart shows that number of people dependent on food stamps has surged. The average monthly benefit amount has also increased.

Bianco writes that the U.S. has become a country of "takers" and "expecters" instead of being a nation of "doers".

Bianco Research via The Gartman Letter

You are subscribed to notifications!
Looks like you've blocked notifications!
Next Article