Every year, the United States Department of Agriculture The USDA analyzes the cost of living to adjust the amount families receive in benefits. Supplemental Nutrition Assistance Program (SNAP). Along these lines, the agency announced that the payments for the next year will increase in percentage. Here are the details.
While the USDA adjustment affects all American households SNAP receipt, the amount corresponding to the beneficiary will depend on the size of the household and the income capacity of the families. For example, with the new provisions, a family of four could receive a maximum benefit of $973 per month, compared to the $939 they currently receive.
On the other hand, the maximum payment for 2024 increased between 3.5% and 3.7% of the allocations in 2023. The USDA uses the so-called Affordable Food Plan to calculate the payments for these benefits, which are guided by cost of providing low-cost meals. And although SNAP benefits are calculated for each fiscal year, the 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, is as follows:
- A family of one member will go from $281 to $291 dollars (an increase of 3.6%)
- A family of two went from $516 to $535 dollars (an increase of 3.7%)
- A family of three will go from $740 to $766 dollars (an increase of 3.5%)
- A family of four will go from $939 to $973 dollars (an increase of 3.6%)
- A family of five will go from $1,116 to $1,155 dollars (an increase of 3.5%)
- The family of six went from $1,339 to $1,386 dollars (an increase of 3.5%)
- A family of seven will go from $1,480 to $1,532 dollars (an increase of 3.5%)
- A family of eight will go from $1,691 to $1,751 dollars (an increase of 3.5%)
Starting with the ninth person, $219 dollars will be added for each additional family member, unlike the $211 dollars added in the current year, which, in the end, represents an increase of 3.8%.
What is the amount received by each household depends on?
The amount a household can receive depends on many factors, including income and location. For example, payments are higher in states with a higher cost of living such as Alaska and Hawaii.
Loss SNAP benefits They are calculated by deducting from the maximum payment and many households do not receive the maximum amount. Generally, eligibility depends on income and the amount of money in your bank account.