Sunday, October 26, 2014

Special Alert: You're Not Saving Money At Walmart!

Walmart prices, overall, are no better than most other shopping options. Just as 'Dollar' Stores Aren't Actually The Cheapest Stores. It sounds good (hey, I'm going to save money) and we hear it so often, it's taken for granted. Though, most of the time, it is not true.

Undoubtedly some items may have better prices at Walmart, but even though they left your pocket with a few more pennies when you left their store, Walmart Workers Cost Taxpayers $6.2 Billion In Public Assistance, so you're paying for Walmart even when you're not shopping at the store.

As Forbes reported:
“The study estimated the cost to Wisconsin’s taxpayers of Walmart’s low wages and benefits, which often force workers to rely on various public assistance programs,” reads the report, available in full here
“It found that a single Walmart Supercenter cost taxpayers between $904,542 and $1.75 million per year, or between $3,015 and $5,815 on average for each of 300 workers.”
In a study by Jon Hotchkiss, he found, "On the grocery items I compared, Walmart was cheaper some of the time. However, they were more expensive other times. Moreover, several times when they were cheaper, it was just by a penny or two."

Walmart is the worst grocer according to Consumer Reports.

Costco pay its workers much better and actually provides them with health insurance.

So Walmart's low-price mantra is more pomp than circumstance. They also cost communities money in the form of health care, food stamps and numerous other subsidies. And, if you must shop at a mega-mart, you'd be better off - for yourself and your community - to shop at Costco.

For Further Reading:
Wal-Mart Low Prices Myths

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