Latest Breaking News
Showing Original Post only (View all)A historic change in how Americans buy groceries is underway as SNAP benefit cuts begin [View all]
Source: NBC News
Sept. 2, 2025, 9:18 PM EDT / Source: CNBC
On Monday, under new policy included in President Trumps tax law, Supplemental Nutrition Assistance Program (SNAP) benefits that have provided low-income Americans with more purchasing power in the grocery store begin to go into effect. According to one estimate, it is the largest cut to SNAP in history, a federal program which in one form or another dates back to the New Deal era and currently provides basic food assistance to more than 40 million people.
Grocers large and small are bracing for the impact of changes to the SNAP program. A CBO analysis released this month estimates that 2.4 million fewer Americans, including families with children, are forecast to receive food stamps benefits in an average month. Other estimates show families across the U.S. could lose anywhere from $72 to $231 per month in support.
While low-income Americans will have more difficulty qualifying for the benefits, many experts predict that some of the largest grocers, despite having many SNAP recipients among their ranks of customers, may actually benefit. According to consumer data company Numerators verified purchase data for SNAP users, Walmart leads in SNAP shopper spend with 24 percent, followed by Kroger (8%), Costco (6%), Amazon (5%), and Sams Club (4%).
On the surface one would think less SNAP would be a negative, but the way these things have played out in the past and the way I think it will play out this time is that discount grocers that focus on value, these kinds of economic headwinds for lower-income customers end up being a positive, said Michael Baker, analyst at D.A. Davidson & Co.
Read more: https://www.nbcnews.com/business/consumer/historic-change-americans-buy-groceries-underway-snap-benefit-cuts-beg-rcna228625
This "business" verbal vomit neglects to say that the "trading down" to a "BJ"s means a "membership fee" (as does Amazon, Costco's & Sam's Club) that many of these households will not be able to afford due to OTHER cuts to their income, which is why they need access to SNAP in the first place. Talk about tone deaf.
MEMBERSHIP FEES
AMAZON
Prime = $139/yr
COSTCO'S
Gold Star = $65/yr
Executive = $130/yr
SAM'S CLUB
Standard = $50/yr
Plus = $110/yr
BJ's WHOLESALE
Basic = $60/yr
Club+ = $120/yr