zerohedge.com / by Tyler Durden / Nov 23, 2016 9:00 PM
A new investigate only expelled by a USDA, offers a really minute demeanour during accurately how participants in a “Supplemental Nutrition Assistance Program” (SNAP, aka Food Stamps) spend their taxpayer-funded subsidies. Unfortunately for taxpayers, a volume of income spent on soothing drinks and other nonessential junk foods/drinks is sincerely staggering. But, we suspect it’s a good taxpayer saved funding for a soda industry…so measure one for Warren Buffett and a Coca Cola lobbyists.
Per a study, scarcely $360mm, or 5.4% of a $6.6BN of food expenditures done by SNAP recipients, is spent on soothing drinks alone. In fact, soothing drinks paint a singular largest “commodity” purchased by SNAP participants with $100mm some-more spent on sodas than divert and $150mm some-more than beef.