from Zero Hedge:
While the dismal news of endlessly rising food stamp recipients in the US seems to be glossed over by most of the media because, well, stock markets are at all-time highs, in Britain, things are becoming increasingly awful. As the FT reports, the number of people receiving emergency food rations has surged from 130,000 to almost 350,000 in the past year. As inflation eroded incomes and government austerity pushed hundreds of thousands into crisis, the ‘working poor’ has emerged. The food bank provider estimates about half of the households it helped has at least one person in work. During the Great Depression, the desperation was graphically evident with long lines of families waiting for soup; in the new depression, the record levels of starving and needy are hidden by a blanket of EBT cards and direct transfers from government. The situation is no less terrible – no matter how hidden from view. As one food bank manager noted, “the fundamental thing is that more and more people are living an increasingly precarious life financially.”
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