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Home Front: Politix

Food Stamps: COLA Update Increases SNAP EBT Benefits By 12.5% Starting Oct. 1

2022-10-01

[GObankingrates] Americans who receive Supplemental Nutrition Assistance Program (SNAP) benefits will get a needed financial boost thanks to a major cost-of-living adjustment (COLA) due to go into effect for fiscal year 2023.

The COLA, which kicks in beginning on Oct. 1, 2022, will hike benefits by 12.5%, per Motley Fool’s The Ascent. The increase is designed to help offset this year’s skyrocketing inflation rate, which has been running at its highest level in more than four decades.

SNAP, formerly known as food stamps, is a federal program that provides food-purchasing assistance to low-income households. Although it is part of the U.S. Department of Agriculture, the program is administered at the state level. Recipients now have their benefits loaded onto Electronic Benefits Transfer (EBT) cards and no longer pay with food stamps.

The USDA announced the new COLA in an Aug. 9 memo posted on its website. As previously reported by GOBankingRates, here’s how the monthly SNAP benefit will change for recipients in the 48 contiguous states and District of Columbia:

Posted by:Besoeker

#6 re SSecurity

SNAP COLA is based on Food Prices and goes by the fiscal year

SSec COLA is based on all index number and based on the calendar year - last year was 5.9% next year probably be about 9% or so.

Posted by: lord garth 2022-10-01 21:20

#5 ^-- Or payroll...

Posted by: CrazyFool 2022-10-01 17:26

#4 Agree with #1. Bet we won't see a 12.5% increase in our Social Security checks.

Posted by: Tom 2022-10-01 17:22

#3 Get out the vote money.

State of California is sending out their own voter drive money in about a week. Up to approx $1000. They call it inflation relief checks. Perfect example of arsonist firefighter.

National average for gas in the US today is $3.80. In San Diego we have an average of $6.32 today. So we are paying $2.50 above national average right now. My 36 gallon tank will cost $90 more to fill than the rest of the country. I fill every 1.5 weeks or so. So that’s approximately 34 fills a year.

You do the math, 34 fills at $90 more per fill.

Thank you for my inflation check sir. May I have another?

Posted by: Andy Big Foot2668 2022-10-01 17:05

#2 Bread now and Circuses during the Midterms?

Posted by: magpie 2022-10-01 13:03

#1

SNAP now? But Social Security Admin retirees checks later?

Posted by: NN2N1 2022-10-01 09:03

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