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Home General

SNAP Increases 2024: How Much Food Benefits Are Set To Rise

December 25, 2023
in General
SNAP Increases 2024: How Much Food Benefits Are Set To Rise
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The U.S. Department of Agriculture (USDA) has adjusted the amount of Supplemental Nutrition Assistance Program, or SNAP, allotments per household.

At the beginning of each federal fiscal year (October 1), adjustments are made to the maximum allotments, deductions, and income eligibility standards for SNAP. These modifications are driven by fluctuations in the cost of living, representing the financial requirement for maintaining a basic standard of living.

SNAP is designed for low- and no-income households to allow them to meet adequate nutrition through food and drink, mostly helping senior citizens, the disabled and others to feed themselves and their families. Households with more people in them will receive more money, depending on how much the household earns.

Eligibility is determined based on the monthly household income, including earned income from employment and other assistance programs such as Social Security payments, child support, unemployment insurance and cash assistance.

It also takes into account the assets of a household, for example how much money they have saved in a regular account, but any assets that are not accessible, such as the household’s home, personal property, and retirement savings, do not count.

Woman grocery shopping
A stock image of a woman shopping for groceries. SNAP payments help households meet basic nutrition and health standards.
GETTY

Broadly speaking, most people with low or no income are entitled to SNAP assistance. Some exceptions to this include those who are on strike, all people without a documented immigration status and certain people with drug-related felony convictions in some states.

The Thrifty Food Plan assesses the expense of a food basket designed for a family of four, serving as the USDA’s estimation of the cost needed to provide nutritious, budget-friendly meals for a household. Maximum allotments, derived from this cost, are recalculated in June each year.

This year, rates for households have risen. According to the USDA website, the current rates per month for SNAP according to household size in the contiguous U.S. are:

Household size 1: $291Household size 2: $535Household size 3: $766Household size 4: $973Household size 5: $1,155Household size 6: $1,386Household size 7: $1,532Household size 8: $1,751Each additional person: $219

Eligibility standards are also updated each fiscal year. For the current year, the maximum cap on monthly income for SNAP eligibility is:

Household size 1: $1,580Household size 2: $2,137Household size 3: $2,694Household size 4: $3,250Household size 5: $3.807Household size 6: $4,364Household size 7: $4,921Household size 8: $5,478Each additional person: $557

For Alaska, Hawaii, Guam, and the U.S. Virgin Islands, the criteria is slightly different. In Alaska, rates are based on whether you live in a rural or urban area, with rates considerably higher if you live far away from a city or populated area. You can view the criteria for these places here.

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Newsweek is committed to challenging conventional wisdom and finding connections in the search for common ground.

Newsweek is committed to challenging conventional wisdom and finding connections in the search for common ground.

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Copyright for syndicated content belongs to the linked Source : Newsweek – https://www.newsweek.com/snap-increases-2024-benefits-rise-how-much-1855287

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