Proposed SNAP cuts could pressure low-income shoppers — and retailers that serve them
1. House Republicans propose $230 billion cuts to USDA budget, affecting SNAP. 2. SNAP accounts for 4% of U.S. food spending, impacting retailers like Walmart. 3. Consumer sentiment declines, leading to potential sales volatility for grocery stores. 4. Dollar stores heavily reliant on SNAP customers face revenue risks. 5. Potential SNAP cuts threaten lower-income households' grocery spending abilities.