No. of Recommendations: 7
SNAP generates no additional economic activity then if the money had been left in the hands of the taxpayers. ~MAGABOTWrong.
"By investing directly in the health and well-being of low-income children, SNAP provides lasting gains not only for the children who participate, but for the nation.
One study estimated that every SNAP dollar invested in children returns $62 in value over their lifetimes (due to a range of benefits including improved educational outcomes, higher earnings in adulthood,
increased life expectancy, and increased government tax revenue). SNAP should be seen as an investment that will deliver continuing benefits for the life trajectories of children and the broader economy."
"Food assistance acts as an income boost, allowing people to spend money that would otherwise have been used for food on health-related activities. Infants and children in families receiving food assistance from SNAP are more likely to see a doctor for periodic check-ups. Older adults participating in SNAP are more likely to take the full dosage of prescription medications because they have enough income to afford food and medicine, compared to low-income older adults not participating in SNAP, who may have to make difficult choices about stretching their medication to afford enough food. SNAP may also help low-income older adults live independently in their communities and avoid hospitalization. Low-income adults participating in SNAP incur $1,400 — nearly 25 percent — less in medical care costs than low-income non-participants."
"The economic multiplier of SNAP is often higher than that of cash transfers because SNAP spending more directly targets essential food consumption among low-income households that have a high marginal propensity to consume immediately. This targeting results in more pronounced ripple effects throughout the economy, especially in agriculture and food-related industries."
https://www.cbpp.org/blog/snap-food-assistance-is-...https://www.ers.usda.gov/amber-waves/2019/july/qua...https://microeconomicinsights.org/how-do-american-...
