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.

  • Bakkoda@lemmy.zip
    link
    fedilink
    arrow-up
    5
    ·
    1 hour ago

    And it’s Walmarts fault. Has been. Always was. Always will be. This is literally their economic model at play.

    FUCK EM.

    • LemmyKnowsBest@lemmy.world
      link
      fedilink
      arrow-up
      4
      arrow-down
      10
      ·
      edit-2
      7 hours ago

      We can be concerned about both things equally, can’t we?

      Edit I used the word “concerned” because I was responding to the comment above me and he said “concerned”. “Interested” would be a more suitable word because this is an interesting topic. We’re interested that Walmart is taking a hit and we’re also interested that snap people are taking a hit. It’s interesting. Tragic for the snap people but interesting for the demise of walmart.

      • myfunnyaccountname@lemmy.zip
        link
        fedilink
        arrow-up
        11
        ·
        10 hours ago

        Nah. Having seen small towns crushed when Walmart comes in and all the mom & pop shops close. So then your options to shop are Walmart or Amazon or drive to the next town. Fuck em.

        • III@lemmy.world
          link
          fedilink
          English
          arrow-up
          2
          ·
          9 hours ago

          Why would anyone avoid their local Walmart just to drive to the next town to use their Walmart?..

        • LemmyKnowsBest@lemmy.world
          link
          fedilink
          arrow-up
          2
          ·
          3 hours ago

          Ok then go back & re-read my comment & the comment I was replying to, and swap the word “concerned” for “interested.”

      • LifeInMultipleChoice@lemmy.world
        link
        fedilink
        arrow-up
        5
        ·
        12 hours ago

        Equally would be tough for me. The cutting shifts of the workers will suck though. That’s near $ billion that doesn’t need to be shelved and onwards. (Possibly ordered).

  • pelespirit@sh.itjust.works
    link
    fedilink
    arrow-up
    15
    ·
    11 hours ago

    This is the only good news from trump’s term. The waltons losing money in this way exposes who they are, and might piss them off enough to do something.

    • kent_eh@lemmy.ca
      link
      fedilink
      English
      arrow-up
      7
      ·
      10 hours ago

      The waltons losing money in this way exposes who they are, and might piss them off enough to do something.

      As much as I hate the idea of corporate interests having that much influence over the government (any government), someone richer than him complaining could be the only thing that gets through Trump’s mushy head.

    • treesquid@lemmy.world
      link
      fedilink
      arrow-up
      2
      ·
      7 hours ago

      He’s saving them so much in taxes that they can just lose $2 billion and be fine with it. The Walton family is worth almost $500 billion. They don’t give a fuck about this.

      • Brave Little Hitachi Wand@feddit.uk
        link
        fedilink
        English
        arrow-up
        4
        ·
        7 hours ago

        If a rational person was in their situation, they would see the benefit of taking the loss and making it back. But I don’t know if you become a billionaire by having a healthy relationship with money.

      • BanMe@lemmy.world
        link
        fedilink
        arrow-up
        2
        ·
        7 hours ago

        Waltons only own 45% of walmart now. There are a lot of non-billionaires that will be pretty pissed if the stock slumps. But many of those will just be regular joes, not the rich folk who have divested and planned ahead.

  • CileTheSane@lemmy.ca
    link
    fedilink
    arrow-up
    44
    arrow-down
    2
    ·
    14 hours ago

    Yes millions of people can’t access food, but have you thought about the impact this is having on Walmart’s profits?

    • cdf12345@lemmy.zip
      link
      fedilink
      arrow-up
      27
      ·
      14 hours ago

      Walmart gets it both ways. They get to under pay full time employees to the point they are eligible for snap, then they make money when people use snap in their stores.

      The American taxpayers are basically subsidizing Walmart.

    • finitebanjo@lemmy.world
      link
      fedilink
      arrow-up
      9
      ·
      13 hours ago

      I think its important for people to know there are consequences for supporting fascism. Walmart has been donating to conservative PACs for decades and the Waltons themselves tilt even harder than the company.

      • CileTheSane@lemmy.ca
        link
        fedilink
        arrow-up
        9
        ·
        13 hours ago

        I don’t disagree, it’s just so fucking frustrating that people can scream from the rooftops for months/years that “this is bad, bad things will happen” and people will ignore them until it affects them personally or it affects a company’s profits.

        The problem is all the people starving, not Walmart losing less than 1% of their profits. But apparently that less than 1% profit loss is what people listen to. It’s disgusting.

      • Lka1988@sh.itjust.works
        link
        fedilink
        English
        arrow-up
        3
        ·
        13 hours ago

        “Our profits are in the RED, pls give money daddy govt 🥺🥺” but also somehow still makes record-breaking profits.

        Remember kids, when a company says their profits are in the red, that does not mean they are losing money - THEY STILL MADE A PROFIT. Just not as much profit as last year.

    • fodor@lemmy.zip
      link
      fedilink
      arrow-up
      3
      arrow-down
      2
      ·
      11 hours ago

      Oh, would you prefer to ignore the blatant corruption? … If minimum wage (Walmart wage) were living wage, far fewer people would be on food stamps.

  • aceshigh@lemmy.world
    link
    fedilink
    English
    arrow-up
    9
    ·
    11 hours ago

    Walmart saves money by not paying a livable wage, they save money by not paying taxes, they receive money from the taxpayers who paid into snap. No wonder why they keep making profits year after year.

  • awesomesauce309@midwest.social
    link
    fedilink
    English
    arrow-up
    209
    arrow-down
    1
    ·
    23 hours ago

    So the federal government subsidizes not only Walmart employee wages, but Walmarts grocery sales too? And Mamdani is apparently crazy for saying New York should run its own grocery stores that actually benefit the community instead of making the Walton family richer.

    • awesomesauce309@midwest.social
      link
      fedilink
      English
      arrow-up
      29
      ·
      21 hours ago

      Wait, I wonder, who was funding that message 🤔

      Alice Walton, the world’s richest woman, listed her address as a post office box in Bentonville, Arkansas — Walmart’s hometown — when she made a $100,000 donation in August, on top of a $100,000 donation in April. Walton has little history of political giving in New York, beyond donating to pro-charter school groups and candidates. Mamdani has said he opposes the expansion of charter schools.

  • Don_alForno@feddit.org
    link
    fedilink
    arrow-up
    24
    ·
    17 hours ago

    That’s an aspect of social security nets that’s rarely talked about: They stabilize domestic demand and thereby the local economy.

    • IamSparticles@lemmy.zip
      link
      fedilink
      English
      arrow-up
      7
      ·
      17 hours ago

      I think it does get talked about plenty. But not to the people that need to hear and understand it. You certainly won’t hear about it on Fox News or Truth Social.

      • Don_alForno@feddit.org
        link
        fedilink
        arrow-up
        7
        ·
        17 hours ago

        Maybe it is different in the USA. I’m German. There’s plenty of people here who can explain to you why social security is good ethically, but you have to search long and hard for somebody who is able to explain some of the reasons it’s also the smart choice economically, let alone media who will let them finish their sentence.

        • IamSparticles@lemmy.zip
          link
          fedilink
          English
          arrow-up
          4
          ·
          16 hours ago

          I pay attention to more liberal/educational media sources. This sort of subject is pretty common on, for example, National Public Radio (NPR). I’m pretty sure their popular series, Planet Money, has covered SNAP and other social support programs multiple times. I mean, just as an example: https://www.npr.org/2021/03/26/981686254/socialism-101

          This sort of thing is why the Trump administration immediately pulled funding for public radio and television in the US. Can’t have people learning things that contradict their propaganda.

  • Evil_Shrubbery@thelemmy.club
    link
    fedilink
    arrow-up
    10
    ·
    edit-2
    31 minutes ago

    Walmart gets financed via gov SNAP on two fronts - they sell stuff (for profit) for gov SNAPs, & their employees’ wages have to get subsidized by gov SNAP (for their profit).

    Also only the stores net 20bn a year to the family (& other shareholders), so it’s a shame we are talking about them losing 2bn (over two full months) and not their full-time workers going hungry.

    Also the SNAP program is 100bn annually (for 40m people) & 25bn~28bn of it gets spent in Walmart stores (their total revenue is about 680bn & they employ a large percentage of underpaid workers).

    Here is a perhaps more informative link:
    https://www.newsweek.com/walmart-set-to-lose-billions-from-snap-benefits-stopping-in-november-10945862

    • ToastedRavioli@midwest.social
      link
      fedilink
      arrow-up
      5
      ·
      12 hours ago

      Tbh the vast majority of people that work at walmart are probably paid above SNAP qualifying wages, unless someone has kids and their spouse doesnt work or is severely underpaid. When I worked for walmart stocking shelves they were paying $18.75 in that market. Daytime people made like $17.25 without the overnight differential. That is well over the limit to get SNAP for a single person. Plus they do offer pretty good benefits, and gave accrued PTO. And a humane break system that is standardized even in states where they dont have to offer it. I realize they dont pay as much in other markets, but they are generally above the average starting wage in any given area.

      Most smaller companies I ever worked for were significantly shittier in how they treated/paid workers than Walmart is. Walmart is honestly too soul crushing of a place to work; without them offering half decent shit to work there literally nobody would

  • FrankFrankson@lemmy.world
    link
    fedilink
    English
    arrow-up
    101
    ·
    23 hours ago

    I dunno why it says “If SNAP goes dark” becuase it already did go dark. It’s already been a week woth no payments and it looks like nothing is going to change that. SNAP has already “gone dark”.

  • jimerson@lemmy.world
    link
    fedilink
    arrow-up
    10
    ·
    16 hours ago

    I would not be surprised to read a headline soon stating “Walmart to receive government subsidies for lost SNAP revenue.”

    Regardless if SNAP has been funded.