Low-Income Shoppers Tighten Belts Further

New York Times: “For the better part of two years, well before the federal government shut down and SNAP payments were paused, lower-income consumers have been slowing their spending, especially for discretionary items. Nearly three-quarters of individuals who receive SNAP benefits live below the poverty line, making less than $32,000 a year for a family of four.”

“The ripple effect of that spending pullback is being felt by retailers, food companies and restaurant chains.”