Food stamp multiplier makes $1 worth $1.50 to GDP

Analysts agree that federal spending on low-income people during a recession has a large multiplier effect because the recipients are quick to spend the money, which ripples through the economy. Using the newly compiled Social Accounting Matrix, USDA economists Patrick Canning and Brian Stacy said the SNAP multiplier is a healthy 1.5. “We find that… » Read More

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