Chen: Food stamp recipients typically exhaust benefits by week two or three
Jimmy Chen · a16z Podcast | Fintech for the People · Jan 2, 2019 · at 7:06
Jimmy Chen, founder of Propel, describes the financial shortfalls faced by families receiving food stamps prior to using modern EBT management tools.
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“There are lots of challenges where lots of families run out of benefits around week two or week three of each month and then spend the next two to three weeks of the month using food pantries, trying to borrow money from friends and family.”
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