ECONOMIST ABOUT WHAT HE SEES HAPPENING. THE ANTICIPATED SNAP FUNDING FREEZE NOT ONLY WILL IMPACT PANTRIES ACROSS OKLAHOMA. TAKING A LOOK AT THE BIG PICTURE, IT COULD ROCK THE STATE’S ECONOMY. IF YOU DON’T HAVE MONEY, YOU CAN’T DO ANYTHING AND IT HAS A RIPPLE EFFECT. IT AFFECTS EVERYBODY. ACCORDING TO GOVERNOR KEVIN STITT, OKLAHOMANS COLLECT MORE THAN $130 MILLION EVERY MONTH IN FEDERAL SNAP BENEFITS. WITHOUT THESE DOLLARS, OKLAHOMANS ARE HUNGRY AND BUSINESSES LOSE OUT ON CUSTOMERS FROM THE SUPPLIERS TO THE DISTRIBUTORS TO THE SELLERS, TO THE CONSUMERS, EVERYBODY IS AFFECTED. ACCORDING TO FEEDING AMERICA, EVERY DOLLAR SENT OUT IN SNAP BENEFITS GENERATES UP TO $1.50 INTO THE LOCAL ECONOMY. THAT’S MONEY BUSINESSES RELY ON BRINGING IN. SO BUSINESSES LOSE MONEY AND THEN THEY ARE. THE CONSUMERS CANNOT AFFORD THEM. SO THE SUPPLIERS WHO SUPPLY THOSE THINGS ARE IN TURN CANNOT BE PAID. AFFECTS EMPLOYMENT. IT AFFECTS HIRING. PEOPLE WILL HAVE TO BE LAID OFF BECAUSE THERE IS NOT ENOUGH MONEY BEING MADE. DOCTOR CHARLES MAGGIE CARLO, WITH LANGSTON UNIVERSITY, SAYS A LACK OF INCOME CAN LEAD TO OTHER ISSUES. PRESIDENT REAGAN ONCE SAID, YOU KNOW, THE PAIN TRICKLES DOWN, SO IT AFFECTS EVERYBODY. IT AFFECTS OUR POVERTY. IT BRINGS DISEASES. RIGHT NOW, DOCTOR MANJULA AND OTHERS ARE CALLING ON THOSE WITH A VOICE TO SPEAK OUT ABOUT THESE CHALLENGES AND TO SEEK OUT RESOURCES IF NEED
Oklahoma’s economy faces ripple effects from SNAP funding freeze
The anticipated suspension of SNAP benefits in Oklahoma could have widespread economic impacts, affecting businesses and employment across the state.
The impending suspension of SNAP benefits in Oklahoma due to the government shutdown is expected to have significant economic repercussions, affecting businesses and employment across the state. >> Download the KOCO 5 app | Subscribe to KOCO 5’s YouTube channelCharles Mambula, a professor at Langston University’s school of business, spoke of the widespread impact of the SNAP funding freeze.”If you don’t have money, it has a ripple effect and it affects everybody,” Mambula said.Gov. Kevin Stitt has noted that Oklahomans collect more than $130 million every month in federal SNAP benefits. Without these funds, residents face hunger, and businesses lose customers.”From the suppliers to the distributors to the sellers. To the consumers, everybody is affected,” Mambula said.According to Feeding America, every dollar distributed in SNAP benefits generates up to $1.50 in the local economy, a crucial source of revenue for businesses.”Businesses lose money, and they are — the consumers cannot afford them, so the suppliers who supplies those things in turn cannot be paid. It stops everything from moving,” Mambula said. “It affects employment, it affects hiring, people will have to be laid off because there’s not enough money being made.”Mambula also warned that a lack of income could lead to other issues, citing former President Ronald Reagan’s observation that economic pain trickles down, affecting poverty and potentially leading to diseases.”President Reagan once said, the pain trickles down so it affects everybody, it affects out poverty, it brings out diseases,” Mambula said.Get the latest news stories of interest by clicking here.Mambula and others are urging those with influence to speak out about these challenges and to seek resources if needed.Top HeadlinesCherokee Nation prepares to disburse funds to SNAP users if freeze happensGov. Kevin Stitt to address SNAP benefit concerns as federal government shutdown continuesGov. Stitt says he is exploring all options while using Congress to prevent SNAP benefits freezeGet the Facts: Millions of Americans are set to lose SNAP benefits. Here’s what to knowElderly woman found dead on tropical island after cruise ship leaves without her
The impending suspension of SNAP benefits in Oklahoma due to the government shutdown is expected to have significant economic repercussions, affecting businesses and employment across the state.
>> Download the KOCO 5 app | Subscribe to KOCO 5’s YouTube channel
Charles Mambula, a professor at Langston University’s school of business, spoke of the widespread impact of the SNAP funding freeze.
“If you don’t have money, it has a ripple effect and it affects everybody,” Mambula said.
Gov. Kevin Stitt has noted that Oklahomans collect more than $130 million every month in federal SNAP benefits. Without these funds, residents face hunger, and businesses lose customers.
“From the suppliers to the distributors to the sellers. To the consumers, everybody is affected,” Mambula said.
According to Feeding America, every dollar distributed in SNAP benefits generates up to $1.50 in the local economy, a crucial source of revenue for businesses.
“Businesses lose money, and they are — the consumers cannot afford them, so the suppliers who supplies those things in turn cannot be paid. It stops everything from moving,” Mambula said. “It affects employment, it affects hiring, people will have to be laid off because there’s not enough money being made.”
Mambula also warned that a lack of income could lead to other issues, citing former President Ronald Reagan’s observation that economic pain trickles down, affecting poverty and potentially leading to diseases.
“President Reagan once said, the pain trickles down so it affects everybody, it affects out poverty, it brings out diseases,” Mambula said.
Get the latest news stories of interest by clicking here.
Mambula and others are urging those with influence to speak out about these challenges and to seek resources if needed.
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