This gap means those who receive SNAP benefits will see their purchasing power eroded.Įlaine Waxman, senior fellow at the Income and Benefits Policy Center at the nonprofit, nonpartisan think tank the Urban Institute, notes that previous SNAP cost-of-living increases have typically been sufficient as the country has seen relatively low food price inflation. Food-at-home (grocery) prices have increased further since June, and have seen a 13.5% increase for the year ending in August 2022. Based on that data, SNAP benefits will increase by 12.5% for 12 months starting in October, compared to the year prior.īut there will likely be a gap between the increase and how high food prices continue to climb. This year’s changes are based on the Consumer Price Index (CPI) from the Bureau of Labor Statistics for June 2022. SNAP benefits are adjusted yearly to account for inflation. Will SNAP Increases Be Enough To Counteract High Inflation? You can find your local office using the state directory map here. How do I sign up for SNAP benefits?Įach state is responsible for distributing SNAP benefits. What do I have to do to get the increase? The gross monthly income cap for a family of three to receive benefits has also increased from $2,379 to $2,495. A higher deduction means a household may qualify for more in benefits. 2023)Ī variety of other SNAP criteria have increased, including the income eligibility standards and deductions.įor example, the standard deduction amount, which is a flat rate subtracted from household income to determine net income eligibility, increased from $177 to $193 for households of 1 to 4 people. Maximum Monthly SNAP benefits for 48 contiguous states and D.C. Keep in mind that your new monthly benefit will vary, depending on your income and any deductions for which you may qualify. The maximum benefit for a family of three (living in the 48 contiguous states and D.C.) will increase from $658 to $740. How much is the new maximum monthly SNAP benefit?įor one person, the new maximum SNAP benefit is $281. As high inflation continues to push food prices upward, this year’s cost-of-living adjustment is much bigger than it was in previous years. Nearly 41 million Americans receive SNAP benefits, according to data from the U.S. Details on the Cost of Living Adjustment for SNAP Here’s everything you need to know about the SNAP cost-of-living increase. The benefits will automatically rise to reflect the recent changes in the cost of living due to high inflation-although there are already concerns that the increase won’t be enough. ![]() 1, families who receive benefits under the Supplemental Nutrition Assistance Program (SNAP), commonly known as food stamps, will see their payments increase. SNAP benefits are getting a much-needed boost.
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