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With millions of people in the United States at risk of losing access to the federal Supplemental Nutrition Assistance Program (SNAP) – also known as food stamps – from November 1, a viral chart has claimed to show the majority of the nation’s food stamp recipients are non-white and noncitizens.

The chart, titled Food Stamps by Ethnicity, listed 36 groups of people and said it showed the “percentage of US households receiving SNAP benefits”.

The groups were labelled by nationality, such as “Afghan”, “Somali”, “Iraqi”, along with the racial groups “white”, “Black” and “native”. The chart appeared to show that Afghan people were the largest group receiving SNAP benefits, at 45.6 percent, followed by Somali (42.4 percent) and Iraqi (34.8 percent). White people, represented on the chart with the US flag, were third to last at 8.6 percent.

The federal government shutdown, which started on October 1, is the cause of the looming SNAP funding lapse. SNAP provides food purchasing benefits to low-income households. Conservatives have peddled the misleading narrative that Democrats are pushing for healthcare for undocumented migrants, and people commenting on the chart rehashed a similar talking point.

“Who is getting their EBT cut?” read the caption of an October 25 X post sharing the chart, which had 3.1 million views as of October 27. EBT stands for Electronic Benefits Transfer, which is a SNAP payment system.

“Only 18.7% of EBT or food stamp recipients are American. Let that sink in …” read another post sharing the chart, seemingly mistakenly referring to the figure next to the word “Armenian”; there was no “American” category in the chart. “We are subsidizing foreigners on the taxpayers dime.”

Who is getting their EBT cut pic.twitter.com/el8x9X5iVX

— The General (@1776General_) October 25, 2025

The chart doesn’t show the full picture of SNAP recipients by race or ethnicity. The most reliable source for the breakdown of SNAP recipients by demographics comes from the US Department of Agriculture (USDA), which administers the programme.

According to the most recent USDA data available, from 2023, white people are the largest racial group receiving SNAP benefits, at 35.4 percent. African Americans are next, making up 25.7 percent of recipients, then Hispanic people at 15.6 percent, Asian people at 3.9 percent, Native Americans at 1.3 percent and multiracial people at 1 percent. The race of 17 percent of participants is unknown.

The same report found that 89.4 percent of SNAP recipients were US-born citizens, meaning less than 11 percent of SNAP participants were foreign-born. Of the latter figure, 6.2 percent were naturalised citizens, 1.1 percent were refugees and 3.3 percent were other noncitizens, including lawful permanent residents and other eligible noncitizens.

While large shares of the groups listed in the chart may receive food stamps, “they are certainly a tiny share of the households and spending on SNAP”, said Tracy Roof, University of Richmond associate professor of political science.

Survey data shows an incomplete picture on SNAP recipients

The chart shared on social media originated from a June blog post from The Personal Finance Wizards, which cited “US Census Table S0201” as its source. The site offers financial advice, but published a disclaimer saying it cannot guarantee the “completeness, accuracy, or reliability” of its information.

The site’s authors appeared to cherry-pick groups to include in the chart, noting, “It’s important to note that the graph highlights a selection of ethnicities we felt would be most relevant and engaging for our audience.” It did not name an author.

In a comment on an Instagram post sharing the chart, Personal Finance Wizards shared a link to the US Census table it used. It shows data from the 2024 American Community Survey, filtered by 49 racial and ethnic groups. The filtered groups don’t completely overlap with the groups in the chart, but the dataset has a column for “households with food stamp/SNAP benefits”, which shows percentages similar to the ones in the chart.

The data does not show what percentage of all SNAP beneficiaries belong to an ethnic or nationality group.

Joseph Llobrera, senior director of research for the food assistance team at the liberal think tank Center on Budget and Policy Priorities, said the chart appeared to show the shares of households receiving SNAP based on the household respondents’ reported ancestry, which is different from citizenship status.

“Without context, this graphic is misleading and may lead some to conclude that many non-citizens are participating in SNAP, which is not true,” he said.

The American Community Survey allows respondents to self-identify their race. It also defines ancestry as a “person’s ethnic origin or descent, roots or heritage, place of birth, or place of parents’ ancestors before their arrival in the United States”.

Colleen Heflin, Syracuse University expert on food insecurity, nutrition and welfare policy, said the American Community Survey data on SNAP receipts is self-reported, and that question “is known to have a great deal of measurement error” when compared with SNAP administrative data.

Chart reflects higher levels of need in groups with higher shares of SNAP participation

Groups such as Afghans and Iraqis, who are first and third on the chart, would have been more likely to have immediately qualified for the SNAP programme before the One Big Beautiful Bill Act’s passage because of their special immigration status.

Before the law’s passage, refugees and people who had been granted asylum were also eligible for SNAP without a waiting period. Somalis, who were second on the chart, are “more likely” to qualify based on those criteria, Roof said.

Other noncitizens, such as lawful permanent residents, could be eligible for SNAP only after a five-year waiting period.

But the passage of the One Big Beautiful Bill Act changed the eligibility, making refugees and asylum seekers ineligible. Immigrants in the country illegally are not and have never been eligible for SNAP.

Reddit (RDDT 0.79%) stock has been a big winner since its initial public offering (IPO). Since the day of its market debut in March 2024, the company’s share price has rocketed 606% higher as of this writing.

With such incredible gains across a relatively short period of time, it’s not unreasonable to wonder if Reddit stock has become overvalued — even with the stock seeing a recent valuation pullback. On the other hand, there are some good reasons to think that Reddit stock can continue marching higher.

Image source: Getty Images.

Reddit is flashing very strong growth indicators

With revenue of $1.67 billion over the trailing 12-month period, Reddit has posted sales growth of roughly 49% across the period — but growth has actually been accelerating at an incredible pace recently. For example, the company’s sales increased 78% year over year in this year’s second quarter. Meanwhile, the business recorded a gross margin of roughly 90% over the TTM period.

Data by YCharts.

Even better, the company’s gross margin continues to climb higher. The strong improvements in sales and profitability largely stem from the company’s wins with licensing data from its social-media platform for the training of artificial intelligence (AI) models.

With very strong sales growth and stellar gross margins that have continued to trend higher in recent quarters, Reddit could have the makings of a long-term profit-generating machine. While the stock has already seen huge gains, history could eventually show that it was cheaply valued at current prices.

Some investors thought Roku (ROKU -2.56%) was a pure hero of the coronavirus lockdown era. The media-streaming technology expert’s stock soared in 2020, stalled in 2021, and took a long, consistent swan dive over the next couple of years.

Image source: Getty Images.

It was fair to call Roku’s stock overvalued in 2021, but the company’s growth story never ended. In fact, I think Roku has many more high-growth chapters to share over the next several years, and the stock looks wildly undervalued these days.

And I only need one simple chart to illustrate this concept. As you can see in the graph below, Roku’s revenues are still experiencing explosive revenue growth:

ROKU Revenue (TTM) data by YCharts

Roku plays the long game

Sure, you see an abnormal bump around the COVID-19 era. Roku saw a few quarters of unsustainable user and revenue increases there, followed by a whiplash-inducing slowdown in the inflation-based market panic of 2023. Roku’s top-line sales growth hit the brakes pretty hard at that point.

Some of that was a clear-eyed and voluntary long-term growth strategy. You see, Roku saw a user-grabbing opportunity in the inflation-fighting crash. Consumers were more price-sensitive than ever and most of Roku’s streaming platform rivals were staving off inflation-based costs by raising prices. Yep, those companies contributed to the very inflation problem they were battling.

Not Roku. The company held service and hardware prices steady throughout the golden lockdown years and the following penny-pinching crash. As a result, the active user count rose from 70 million at the end of 2022 to 80 million a year later and 90 million in Q4 2024.

Atop this expanding user base, Roku is building a massive long-term business. Revenues quickly picked up speed after the 2023 pause, as seen in that handy chart. In July’s Q2 2025 report, free cash flow rose 23% year over year while adjusted EBITDA jumped 76%. And these are still the early innings of a long growth game.

Many investors don’t give Impinj (PI 4.59%) a second look nowadays. It’s easy to gloss over this technology stock when you see a trailing price-to-earnings ratio (P/E) of 695 and a price-to-sales ratio (P/S) just below 15. The company’s RFID tagging technology may be crucial to inventory management and shipping services in this digital era, but that’s still a downright offensive valuation.

Yet analysts agree that Impinj’s stock is a solid buy, and their average price target is roughly in line with current share prices. How is that possible, when Impinj’s valuation could result in nosebleeds and acrophobia?

This chart can clarify the situation, and maybe even change your mind about Impinj’s lofty stock price:

PI Revenue (Quarterly) data by YCharts

Impinj’s sales and free cash flows are soaring right now — despite weak results in the company’s core target markets. Many retailers and shipping specialists are reporting soft or even negative revenue growth and sliding cash flows in this economy. Yet, Impinj is enjoying robust order growth and record-level gross margins right now.

And this looks like the start of a golden age for Impinj. Management set optimistic growth targets for the next quarter and next year, based on strong demand for RFID tags and data management systems.

Image source: Getty Images.

What’s next for Impinj?

In other words, Impinj is breaking through to a new era of consistently positive earnings, for the simple reason that its main customers absolutely require tighter operations nowadays. Accurate and flexible unit-tracking tools are more valuable than ever.

And the incredibly high valuation ratios should subside as Impinj continues to tell this thrilling growth story. P/E ratios can look weird when a bottom-line improvement is passing by the breakeven level, as Impinj’s trailing earnings are doing now. Those headline-writing ratios should look a lot less scary in 2026 and beyond.

Dutch Bros (BROS 6.46%) stock is finally getting some market love. It’s more than doubled in value over the past year, and it trades at a P/E ratio of 193. That’s expensive by almost any standard, but it’s not the only valuation ratio worth a look. The valuation could also be justified given the company’s growth prospects.

Here’s a deeper look.

Image source: Dutch Bros.

High growth, high profits for Dutch Bros

With performance as good as Dutch Bros’ has been posting since it went public in 2021, it’s surprising that it’s taken the market this long to take notice. It reliably reports high sales growth, and profits continue to rise. In the 2025 second quarter, revenue increased 28% year over year, while net income rose from $22.2 million last year to $38.4 million this year.

However, there were reasons the market was concerned until recently. It didn’t report its first annual profit until 2023. In addition, investors were worried about its chances when same-store sales growth was low, even in negative territory for a short time, and most of the increase was coming from price hikes.

Dutch Bros has moved way past that now. Earnings per share (EPS) increased from $0.03 to $0.34 in 2024, and from $0.12 to $0.20 in the 2025 second quarter year over year. Same-store sales were up 6.1% in the quarter, with a 3.7% rise in transactions.

More importantly, analysts expect EPS to increase about 350% over the next three years.

Data by YCharts.

There’s a lot of expectation here. Dutch Bros has a huge growth runway in opening new stores, and net income is following. While there’s some growth built into Dutch Bros’ current price, the opportunity is enormous, which is why it commands a premium valuation. As for other valuation methods, the forward one-year P/E ratio is a more reasonable 74, and the price-to-sales ratio is a very reasonable 5.

Mexican corrido singer Gabito Ballesteros has always been a hopeless romantic. His newest album, “Ya No Se Llevan Serenatas,” or “They No Longer Perform Serenades,” tugs at those delicate heartstrings.

Released Thursday, the album pays tribute to romance in the digital era of smartphones and social media. Invoking modern-day references, like sending Instagram DMs and going to Disneyland, he puts his own spin on the traditional serenade, a ballad one typically sings below the windowsill of their lover. It’s the kind of profound romance that regional Mexican acts such as Joan Sebastian, Vicente Fernandez and Juan Gabriel honed for decades.

“I like to sing to women, bring them roses, be romantic, and I want to convey this to my audience,” said Ballesteros in a statement to The Times.

Sprinkled across the 21 tracks is a roster of star-studded Mexican homegrown talents, including longtime collaborator Natanael Cano, Tito Doble P, Christian Nodal, Neton Vega, Carín León, Oscar Maydon and Luis R Conriquez.

Colombian reggaeton superstar J Balvin is also featured in the Latin-EDM fusion track, “La Troka.”

Ahead of its release, the rising star teased his sophomore album on Instagram with a clip of him driving a classic Ford Mustang filled with dozens of red roses. Once parked, Ballesteros pulls out his guitar from the trunk as his joint song with Carín León, “Regalo de Dios,” begins to unfold in the background — a sign that Ballesteros is ready to pour his heart out to whoever that fortunate soul might be.

The song is one of the few pre-released tracks of the album, alongside poetic singles like “Cleopatra,” which compares a woman’s beauty to that of the famed Egyptian queen, and the agonizing track “Perdido,” which looks to fill the void of true love lost with vice.

The already popular, anxiety-riddled “7 Diás,” featuring Tito Double P, is also included in the track list; Ballesteros also performs an acoustic rendition of this heartbreak song on YouTube.

“This is a very important album because it tells a very different story than what [I] have been doing],” said Ballesteros. “The audience will get to learn more about my love and heartbreak.”

Ballesteros, who is originally from Sonora, Mexico, first gained recognition in 2020 with his breakthrough conjunto song “El Rompecabezas.” After obtaining his degree in industrial engineering in 2023, he joined his longtime friend Natanael Cano and Peso Pluma on the chart-topping hit “AMG,” which debuted on the Billboard Hot 100 at No. 92, marking the trio’s first appearance on the chart. Ballesteros later appeared on the chart that same year with the megahit “Lady Gaga” with Peso Pluma and Junior H,” which remained on the Billboard Hot 100 for 20 weeks, peaking at No. 35.

The release of “Ya No Se Llevan Serenatas” comes a year after Ballesteros launched his critically-acclaimed debut album, “The GB,” which landed at No. 65 on the Billboard 200. The 25-year-old singer— who is under Natanael Cano’s record label Los CT and Peso Pluma’s Double P Management— has quickly become a force in the new wave of corridos tumbados, amassing more than 50 million monthly Spotify listeners.

“If you’re in love, I would like for you to dedicate a song to your lover [from this album]. If you’re going through a breakup, listen to it and heal with the music,” Ballesteros said. “Everything is guided by love.”