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

Mamta Badkar   

There's No Sign Of Economic Recovery In America's 'Soup Lines' [Chart]
Stock Market1 min read

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

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".

food stamps chart

Bianco Research via The Gartman Letter

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