A new study just released by the USDA, offers a very detailed look at exactly how participants in the “Supplemental Nutrition Assistance Program” (SNAP, aka Food Stamps) spend their taxpayer-funded subsidies. Unfortunately for taxpayers, the amount of money spent on soft drinks and other unnecessary junk foods/drinks is fairly staggering. But, we suppose it’s a nice taxpayer funded subsidy for the soda industry…so score one for Warren Buffett and the Coca Cola lobbyists.
Per the study, nearly $360mm, or 5.4% of the $6.6BN of food expenditures made by SNAP recipients, is spent on soft drinks alone. In fact, soft drinks represent the single largest “commodity” purchased by SNAP participants with $100mm more spent on sodas than milk and $150mm more than beef.
Soft drinks were the top commodity bought by food stamp recipients shopping at outlets run by a single U.S. grocery retailer.
…That is according to a new study released by the Food and Nutrition Service, the federal agency responsible for running the Supplemental Nutrition Assistance Program (SNAP), commonly known as the food stamp program.
…By contrast, milk was the top commodity bought from the same retailer by customers not on food stamps.
(Read more from “GOOD THING DEMS RENAMED FOOD STAMPS TO SNAP: Otherwise We’d Have Confused It for a Massive Giveaway of Soda and Energy Drinks” HERE)