The shutdown will halt about $8 billion a month in federal food assistance. Walmart captures 24% of all SNAP shopper spending, according to Numerator’s 2025 SNAP Evolution report—triple Kroger’s share and far ahead of Costco, Amazon and Sam’s Club.

Walmart was the first retailer to accept SNAP online in all 50 states in 2023 and launched the Walmart+ Assist program, which offers half-price memberships for those receiving aid.

“If SNAP payments stop, spending by the lowest income groups will fall,” said Neil Saunders, managing director of data and analytics firm GlobalData. “Walmart gets a plurality of the spending, so it will be hit the hardest.”

This was somewhat epiphanic for me.

I already recognized companies such as Walmart were subsidizing pay through social programs such as SNAP and essential funneling/laundering tax payer money to their executives.

This headline made me further realize they’re not only making taxpayers subsidize wages, they’ve also effectively turned the USD into a form of company scrip. While that scrip can be spent at some other locations I bet a large percent of funneled right back to e.g. Walmart itself. If you already work at Walmart it makes spending your SNAP benefit there easier.

  • aramis87@fedia.io
    link
    fedilink
    arrow-up
    1
    ·
    28 days ago

    Considering that Walmart is one of the largest corporations benefiting from deliberately underpaying their workers and telling them it’s the government’s job to feed them, I find that my field of fucks is barren.

    • FireRetardant@lemmy.world
      link
      fedilink
      arrow-up
      1
      ·
      28 days ago

      SNAP is basically a tax break for walmart. Underpay the staff and let the government cover their food, which is often bought at walmart.

  • The Picard Maneuver@piefed.world
    link
    fedilink
    English
    arrow-up
    1
    ·
    28 days ago

    That’s so much money. It’s immensely frustrating that any assistance programs we come up with ultimately become a massive wealth transfer to big companies.

    SNAP, subsidized student loans/forgiveness, Medicaid/Medicare, etc. The market will just happily absorb the free taxpayer money and then still raise prices on everyone because of the increased demand.

  • cøre@leminal.space
    link
    fedilink
    arrow-up
    1
    ·
    28 days ago

    This isn’t new for Walmart. They have ‘how to apply for food stamps’ employee programs. They have food drives for their employees during the holidays b/c they can’t afford food. All while taking in obscene profits.

  • Plurrbear@lemmy.world
    link
    fedilink
    arrow-up
    0
    arrow-down
    1
    ·
    27 days ago

    GOOD! Fuck the family monopolizing the true message he originally had!!! They’re all fucking trash so honestly fuck Walmart!!!

    • unsettlinglymoist@lemmy.world
      link
      fedilink
      arrow-up
      0
      ·
      27 days ago

      Everyone loses here though. Walmart will only lose money because people can’t spend their SNAP money there and it’s not like they’ll be spending it at more ethical stores.

      • Plurrbear@lemmy.world
        link
        fedilink
        arrow-up
        0
        arrow-down
        1
        ·
        22 days ago

        Tell that to the “original ‘Walmart’ family” before they sold out and tell that to Drumpf who told us that prices would be lower ON DAY ONE and NOTHING is true. Food prices are still high, no checks of $5k nor recently $2k plus eggs are still grossly high and gas prices are not nearly what he said….