Every year it will United States Department of Agriculture The USDA analyzes the cost of living to adjust family benefit levels. Supplemental Nutrition Assistance Program (SNAP). In this sense, the agency announced that next year’s payments will be increased on a percentage basis. Here are the details.
While the USDA adjustment impacts all American households SNAP receipt, the amount corresponding to the beneficiary depends on the size of the household and the earning capacity of the families. With the new provisions, a family of four, for example, could receive a maximum benefit of $973 per month, compared to the $939 they currently receive.
On the other hand, the maximum payments for 2024 will increase by 3.5% to 3.7% over the 2023 allocations. The USDA uses the so-called Affordable Food Plan to calculate payments for these benefits, focusing on the cost of providing them more cost-effectively Meal oriented. And although SNAP benefits are calculated each fiscal year, 2024 allocations begin on October 1 of this year.
How much will you receive from SNAP in 2024?
The amount of money that will increase from 2023 to 2024 depending on the size of your home will be as follows:
- The single member family will increase from $281 to $291 (an increase of 3.6%).
- A family of two will increase from $516 to $535 (a 3.7% increase).
- Family of three will increase from $740 to $766 (an increase of 3.5%)
- Family of four will increase from $939 to $973 (an increase of 3.6%)
- Family of five will increase from $1,116 to $1,155 (an increase of 3.5%)
- Family of six will increase from $1,339 to $1,386 (an increase of 3.5%)
- A family of seven will go from $1,480 to $1,532 (a 3.5% increase).
- Family of eight will increase from $1,691 to $1,751 (an increase of 3.5%)
From the ninth person onwards, each additional family member adds $219, up from $211 in the current year, ultimately representing an increase of 3.8%.
What determines the amount that each household receives?
The amount a household receives depends on a number of factors, including income and location. For example, payments are higher in states with higher costs of living, such as Alaska and Hawaii.
Come on SNAP benefits They are calculated by deducting the maximum amount and many households do not receive the maximum amount. Generally, eligibility depends on income and the amount of money in your bank account.
