Did you catch us on NBC News this weekend? Watch this segment—featuring Thrive Gives member, Jessica, and our Co-Founder and CEO, Nick Green—on how Thrive Market’s SNAP EBT acceptance has helped ease rising grocery costs for American families like Jessica’s.
Even saw the Thrive box stacked on a U-Haul box in the background.
Thank you, NBC News! 💚
Thank you!
In January 2023, SNAP participants received an average of $254, roughly 90% of the authorized maximum benefit level for a one-person household. In July 2023, the ratio of average over maximum benefits dropped to 62% as most households no longer qualified maximum benefits. Pre-COVID, this ratio was consistently between 64-65% so we wondered why July 2023 ratio is rather lower. Any thoughts? We estimated that monthly benefit per person will average at $211 in FY 2023 and down to $180 in FY 2024. Chart came out from our latest Food Bite brief discussing future of federal spending on #SNAP #https://lnkd.in/gE6hcAA7 #foodbite #foodpolicy
Have you found yourself irritated at outrageous grocery prices, annoying politicians or someone else’s questionable driving recently? You’re not alone. Our latest snap poll asked Americans about all the things that have been grinding their gears in the past few months. Here are 20 things people find annoying about modern life: https://hubs.ly/Q02yn9VD0 #modernlife #annoyances #consumerresearch
The simple answer to why every company wants to do business in the USA. This is info from Snap's latest quarterly earnings - Average Revenue per User (ARPU). ARPU generated in North America is ~4x higher than ARPU in Europe and ~7x higher than the rest of the world. #snap #revenue #earningsreport #marketanalysis
“The rent, their mobile-phone service, doesn’t change, but the amount of support they have to buy food goes away... They have to scale back the type of food or the amount of food they’re buying.” This article caught my eye 1) because I love Kraft boxed mac and cheese (no, not #sponsored but Kraft Heinz... I'm game if you are!) and 2) I found it fascinating that major food retailers noticed/attributed a decline in sales to the end of increased SNAP benefits. Food isn't a privilege, yet our clients are often forced to treat it as such. You can't decrease the amount you pay in rent (if only!), nor can you change the cost of gas or bus fare to get you to your job. But you can skip a meal. You can opt for the cheapest bread or rice over fresh produce, because the former is a lot more filling and frankly, your kids are more likely to eat it. Food is a line item that families have control over when so much else is out of their hands, but they’re often forced to make difficult decisions. Resources like SNAP help return the agency that so many of our neighbors lose due to financial instability. Plus, SNAP benefits are considered one of the fastest and most effective forms of economic stimulus. SNAP spending creates hundreds of thousands of jobs, and every $5 in benefits generates $9 in total economic activity. So if you need an economic reason to support a robust social safety net, know that SNAP policy affects us all; not just the folks who receive assistance. https://lnkd.in/eUyvQT3t
In the Small-Town Consumers episode of Inside the Mind, Katie Thomas and Greg Portell discuss small-town living and how community plays a role in consumers' purchasing behavior. To learn how brands can build community, listen here:
Partner & Managing Director @ A.T.Kearney | Restructuring, Transformation, Performance Improvement, Value Management & Cash Management
In the Small-Town Consumers episode of Inside the Mind, Katie Thomas and Greg Portell discuss small-town living and how community plays a role in consumers' purchasing behavior. To learn how brands can build community, listen here:
It's that time of the week again, and for today's #ThrowbackThursday, we're revisiting a gem from Tony Fung at Bob Evans Farms, Inc. that you might have missed. Jennifer, Risa, and Tony covered a lot of ecommerce ground, from hybrid shopping habits to consumer conversations. Give it a listen... we'd love to hear your thoughts! 🎙️ #TheCPGScoop #TheCPGGuys #CPGInsights #CPGMarketing #ConsumerConversations
Check out my new column #GroceryTechBasket! This week's column highlights developments to online #SNAP payments. Good news for #Alaskans and others who use SNAP, which is now available Target, Amazon, Walmart, Safeway & via Instacart in the Last Frontier. - Winsight Grocery Business
As you gear up to cater to the diverse needs of back to school shoppers, we delve into the subtleties of their spending habits and uncover actionable insights to guide your approach. https://hubs.li/Q01_S4gv0 #explorerresearch #shopperbehavior #shopperinsights #consumerbehavior #retailinsights
It's great to see Thrive Market making such a positive impact.