Who would want to be left holding the bag with the expired "dollars" at the end of the period? I imagine they would trade at a substantial discount from the beginning, being dollars in name only.
I think you'd find most people would spend every penny before the funds expire. Anyone who doesn't is likely not too concerned about the funds expiring.
I don't think we can say for sure without a proper experiment (although if anyone can get their hands on EBT account spend data in aggregate, that would seem like a path to some signal, considering the financial condition of those who rely on those benefits).
I don't think we can say for sure without a proper experiment (although if anyone can get their hands on EBT account spend data in aggregate, that would seem like a path to some signal, considering the financial condition of those who rely on those benefits).