Insight ReportHoliday 2025: Government Shutdown-Related Reduction in SNAP, Other Payments and Salaries Could Meaningfully Impact US Holiday Spending John Harmon, CFA, Managing Director of Technology Research November 5, 2025 Reasons to Read1. 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: CEO Brief: A Turning Point for US Consumers and the Economy? Already a subscriber? Log in You are currently viewing a preview of this report. Please select an access option to view the full report. Hide Options - Show Options + Get unlimited access to all our research with one of our subscription plans. View Subscription Plans or Contact us to purchase this report. Contact us ✕ This document was generated for Other research you may be interested in: US Store Tracker Extra, November 2025: Burlington Stores Takes Total Opened Retail Space to 88 Million Square FeetHoliday 2025: The Last Mile—Tariff-Driven Early Buying To Ease Peak Season Shipping RushDepartment Stores in Focus; Plus, Consumer Sentiment Latest: US Consumer Survey InsightsSeptember 2025 US Retail Sales: Delayed Government Data Show Strong Retail Growth in September