Food stamp benefits increase 12.5% amid inflation stamps going up

 are food stamps going up ? Food stamp benefits increase 12.5% amid inflation, higher food costs. (CNN) - It should be a little easier for food stamp recipients to buy groceries. Because of inflation, the U.S. Department of Agriculture reports it is increasing the monthly Supplemental Nutrition Assistance Program benefits by 12.5%.

Food stamp benefits increase 12.5% amid inflation, higher food costs

It should be a little easier for food stamp recipients to buy groceries.

Because of inflation, the U.S. Department of Agriculture reports it is increasing the monthly Supplemental Nutrition Assistance Program benefits by 12.5%.The additional amount gives recipients a $104 increase each month for the average family of four starting this month.

The maximum benefit for a four-person household will be $939 a month, up from $835.

Nearly 41 million Americans count on food stamps to buy groceries every month.

1. Experts say the increase will help families, but it doesn’t entirely make up for the rising cost of food, as grocery prices jumped more than 13.5% in August.
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What You Need To Know About SNAP Benefits Increasing Oct. 1

Starting Oct. 1, families who receive benefits under the Supplemental Nutrition Assistance Program (SNAP), commonly known as food stamps, will see their payments 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.

Here’s everything you need to know about the SNAP cost-of-living increase Details on the Cost of Living Adjustment for SNAP The maximum benefit for a family of three (living in the 48 contiguous states and D.C.) will increase from $658 to $740. Keep in mind that your new monthly benefit will vary, depending on your income and any deductions for which you may qualify.

What else changes?

For 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. A higher deduction means a household may qualify for more in benefits.

The gross monthly income cap for a family of three to receive benefits has also increased from $2,379 to $2,495.

I already receive SNAP benefits. What do I have to do to get the increase?

Nothing. The increases will be automatic.The institute points out that the maximum SNAP benefit amount for a household of four in June was $835—over $100 less than the cost of foods included in the Thrifty Food Plan, a calculation that the USDA develops to help estimate the cost of a healthy diet.

That gap can force families to make difficult sacrifices.

“When inflation erodes the value of SNAP benefits during the year, households either have to spend more of their cash income on food or cut back on their food expenditures,” reads the post by CBPP director of researcher Joseph Llobrera.

The Food Research & Action Center, a nonprofit organization dedicated to food advocacy, says that even with the recent Thrifty Food Plan adjustment, the new SNAP increases fall short and more fundamental change to the program is needed to close the gap between benefit amounts and the actual cost of food.