If you think about food stamps – Snap benefits – over in the US the idea that most of them get spent upon food should be obvious. They’re only legal tender to buy food so most of them will get spent upon food. D’Oh. But then we can talk about black markets, which we know exist and….
Or, we can even note that income is fungible. So, sure, we add $200 a month to the household budget but food expenditures are about 10% of household income, so $200 in Snap should mean about $20 more spent upon food.…See More