Latest News
COLA’s Impact on SNAP Benefits…a Bit of a Challenge?
The 3.2% cost-of-living adjustment (COLA) announced for January 2024 is certainly a welcomed boost for Social Security recipients. But as everyone knows, it only allows for catching up on price increases that have already happened, and the process as applied to Social Security beneficiaries, is somewhat discriminating since it undercompensates for categories of spending seniors typically face. Beyond that, however, the COLA bump can be a problem for folks drawing both Social Security benefits and Supplemental Nutrition Assistance Program (SNAP) benefits. The additional Social Benefit can, and often does, detract from SNAP eligibility, as explained in a post by Rep. Gwen Moore (D-Wis.) appearing on the msmagazine.com website. Access the post here for a complete discussion of the issue.
This posting is presented for informational purposes only and does not represent legal or financial guidance. Any opinions or interpretations presented are either those of the original author or, in the case of articles authored by the AMAC Foundation, are the opinions of AMAC Foundation staff, originally trained and accredited by the National Social Security Association (NSSA) and certified via the AMAC Foundation. Any links included in the article are valid on the posted date; socialsecurityreport.org cannot guarantee the duration of the links’ validity. NSSA and the AMAC Foundation and its staff are not affiliated with or endorsed by the Social Security Administration or any other governmental entity. To submit a question, visit our website (https://amacfoundation.org/services/) or email us at ssadvisor@amacfoundation.org. Because we are a non-profit organization, there is no charge for these services.