On October 12, the United States Government announced the amount of COLA 2024, which also directly affects SNAP Food Stamps checks. Thus, any needy citizen who cashes a SNAP Food Stamp check will have a little extra money in a very short time.
In the case of cashing a SNAP check, you should know that the 3.2% increase will come in full. Therefore, starting next year 2024 you will enjoy a larger SNAP Food Stamps payment. This will make life much easier for some retirees who have no other source of income beyond Social Security and Food Stamps payments.
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Whether we have only SNAP Food Stamps as our only source of extra income or not, the COLA 2024 will take effect. Best of all, we won’t have to do anything to get it. The system of benefit check increases is automatic.
So just by having an accepted benefit we will start getting the annual COLA increase for Food Stamps payments. And since this benefit is combinable with other types of benefits, the increase can be double for some Americans.
Assuming we have both Social Security and SNAP Food Stamps checks, in both we will get 3.2% more in 2024. So an average $1,888 retirement check and a $189 Food Stamps check would become $1,948 and $195, respectively.
WHEN WILL WE GET THE COLA 2024 SNAP FOOD STAMPS?
The date to get the increased SNAP Food Stamps benefits is the same as for all other benefits. This means that we will have to wait until the first of the January payments to get the check with the 3.2% added.
One thing to keep in mind regarding all of this is that it doesn’t matter what our Food Stamps benefit amount is. Regardless of the amount we get on the EBT card each month, the payment will come in increased by 3.2% starting in January 2024. Before that date it is impossible to get a Food Stamps benefit with the COLA added.
While it is true that the COLA may seem insufficient for this year, especially considering the huge inflation of the past few years, any help is welcome. So a 3.2% increase in all benefits, whether SNAP or any other Social Security financial help, is insufficient but helpful.