Here's a disheartening report for the average American who worries daily about their job, income, retirement and overall financial picture. I take umbrage with the out of date term "Food Stamps." The program is now known as SNAP - Supplement Nutrition Assistance Program. There are no more stamps, users receive a card that works in every store like any debit card. And when the money is gone. It's gone. Here in CT, a single person receives $190 a month for SNAP. That's $47.50 per week to feed yourself. There have been increases during COVID. Have you noticed that food prices are through the roof? I have. My grocery bills for Mia, Gianna, Bella and myself have increased by at least 25%. Plus, we're home all day, and that means more meals, more snacks, more money. At the same time, some are raking in millions to add to their billions. This is a another legacy of COVID and a broken nation.
6 million people enrolled for food stamps in the first 3 months of the US coronavirus outbreak as America's superrich kept getting wealthier
More than 6 million people signed up to receive food stamps in the first three months of the US coronavirus outbreak, according to an analysis from The New York Times.
That figure could rise even further if the Coronavirus Aid, Relief, and Economic Security (CARES) Act expires as planned by the end of July.
This would will see many Americans lose $600 a week in benefits and become eligible for food stamps, USA Today reported.
In the same period, US billionaires have increased their wealth by around $565 billion, according to the Institute for Policy Studies...
It gets better. And, with the operant conditioning we are receiving now to keep away from stores and crowds, people will be very reluctant to return to in-store shopping from online shopping. Bezos will get richer still.
"Jeff Bezos added $13 billion to his net worth on Monday, the largest single-day jump for an individual since the Bloomberg Billionaires Index was created in 2012.
Amazon.com shares surged 7.9%, the most since December 2018 on rising optimism about web shopping trends, and are now up 73% this year.
Bezos, Amazon’s 56-year-old founder and the world’s richest person, has seen his fortune swell $74 billion in 2020 to $189.3 billion, despite the U.S. entering its worst economic downturn since the Great Depression. He’s now personally worth more than the market valuation of giants such as Exxon Mobil Corp., Nike Inc. and McDonald’s Corp."
(https://time.com/5869262/jeff-bezos-13-billion/)
Posted by: Ronald Kostoff | July 26, 2020 at 11:20 AM
how easy to turn of any cashless ''money/credit'' for noncompliance, especially for those who are already low.
but even those who are not.
https://www.lifesitenews.com/news/florida-county-orders-residents-to-adhere-to-facial-covering-requirements-at-home?fbclid=IwAR27DoRHwqgUFR-XTXAerzT7nSwMdUQdHQXby_4vieC0MJTTavCV0VDF8ng
Posted by: sabina de sturler | July 25, 2020 at 09:17 AM
Yeah, that Amazon company earned a billion dollars in one day.
But really that is how I shop any more. I never thought there would come a day when I could not even find time to shop at Wal Mart. To not shop means to not browse, and to not browse means no bargain finds.
But where else do you find specialties items for our health like actually "METHYL B12" or Potato starch or tapioca starch.
Am I paying a company that will end in my own demise?
Posted by: Benedetta | July 23, 2020 at 02:21 PM
"In the same period, US billionaires have increased their wealth by around $565 billion, according to the Institute for Policy Studies..."
A public health PANDEMIC is the gift that keeps on giving to already established BILLLIONAIRES … such as .. BILL GATES AND ENTIRE VACCINE CABAL ….
Posted by: Bob Moffit | July 23, 2020 at 07:29 AM