Holiday 2025: Government Shutdown-Related Reduction in SNAP, Other Payments and Salaries Could Meaningfully Impact US Holiday Spending
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Holiday 2025: Government Shutdown-Related Reduction in SNAP, Other Payments and Salaries Could Meaningfully Impact US Holiday Spending

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Primary Analyst:
John Harmon, CFA, Managing Director of Technology Research
Contributors
Primary Analyst:
John Harmon, CFA, Managing Director of Technology Research
Insight Report

Reasons to Read

1. SNAP Payments Will Be Partially Paid Following the November 1 Impasse

  • Learn how the government’s response to the November 1 deadline impasse will affect millions of Americans who rely on SNAP benefits.
  • Understand the temporary measure of tapping $4.65 billion in contingency funds, ensuring partial payments are made to those relying on food assistance.
  • Stay informed on the potential long-term consequences for the program and recipients.

2. Other Federal Programs and Workers Are Also Greatly Affected

  • Discover how the government shutdown impacts not just federal workers, but other crucial programs like WIC and Head Start.
  • Gain insight into the financial struggles faced by federal employees, with over a million workers either furloughed or working without pay.
  • Get an update on the uncertain future of military pay, and how it could affect personnel going into mid-November.

3. These Cuts Could Have a Big Impact on Holiday Spending

  • Understand how cuts to federal programs and unpaid wages could lead to a significant slowdown in consumer spending during the holiday season.
  • Learn how shoppers, forced to prioritize basic needs over discretionary purchases, could reshape retail sales in the crucial months of November and December.
  • See how the intersection of government worker disruptions and reduced SNAP payments could create broader economic challenges.

Data in this research report include: The size and budget information of SNAP, government furloughed and unpaid employees and other government-funded programs.

Other relevant research:

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