Higher Vehicle Exclusions and Asset Limits in SNAP May Encourage Asset Accumulation Among Low-Income Households
Jessica Todd ()
Amber Waves:The Economics of Food, Farming, Natural Resources, and Rural America, 2019, vol. March 2019, issue 02
SNAP eligibility is based on income and asset levels. While higher vehicle exclusions were not found to affect liquid asset or vehicle holdings, eliminating the SNAP asset limit increased a low-income household’s liquid assets by 20 percent and the likelihood of owning a vehicle by 3 percentage points.
Keywords: Consumer/Household Economics; Food Consumption/Nutrition/Food Safety; Food Security and Poverty (search for similar items in EconPapers)
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