Biden gave the largest permanent increase to food stamps in history Via ForbesAdvisor
Editorial Note: Forbes Advisor may earn a commission on sales made from partner links on this page, but that doesn't affect our editors' opinions or evaluations.The Biden administration is increasing food stamp benefits in the largest bump in the program’s history. The average monthly benefit will rise to $157 per person starting Oct. 1, accounting for nearly a 30% increase.
Monday. “And the additional money families will spend on groceries helps grow the food economy, creating thousands of new jobs along the way.”Covid-19 exacerbated the hunger crisis in America. Approximately 42 million Americans are receiving SNAP—Supplemental Nutrition Assistance Program—benefits in the 2021 fiscal year, according to the USDA, accounting for nearly 13% of the population.
The new updates to the Thrifty Food Plan are monumental, given that it’s the first time in more than 45 years that the updates were not driven by a requirement to be cost-neutral. The new updates are expected to cost the federal government an additional $20 billion per year.
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