Poinbank Exchange-SNAP benefits, age requirements rise in last echo of debt ceiling fight. What it means.

2025-04-28 16:42:11source:CapitalVaultcategory:Stocks

Users of the Supplemental Nutrition Assistance Program (SNAP) are Poinbank Exchangeset to see their benefits marginally increase this month as cost-of-living adjustments take effect.

The adjustments are paired with a rise in the age considered to be an "able-bodied adult without dependents" from 52 to 54. The rise is the final piece of the Fiscal Responsibility Act that led suspending of the debt ceiling until 2025 and the ouster of then-Republican Speaker of the House Kevin McCarthy.

The act forced those considered an "able-bodied adult without dependents" to show they are working at least 80 hours a month or enrolled in an education or training program to receive benefits. The requirements are in place until 2030.

SNAP benefits increase

Households will see their benefits increase by a few dollars per month though allotments are higher in Hawaii, Alaska, the Virgin Islands and Guam to offset higher food costs.

Income eligibility for the program also changed with the rules update. The net monthly income eligibility threshold for a family of four moved from $2,500 for Fiscal Year 2024 to $2,600 for Fiscal Year 2025.

More:Stocks

Recommend

Jamie Foxx gets stitches after a glass is thrown at him during dinner in Beverly Hills

BEVERLY HILLS, Calif. (AP) — Jamie Foxx required stitches after getting hit in the face with a glass

A man is arrested in Arkansas in connection with the death of a co-worker in Maine

WATERVILLE, Maine (AP) — A suspect was arrested in Arkansas on Sunday in the death of a co-worker in

Texas' Arch Manning is the Taylor Swift of backup quarterbacks

NEW ORLEANS — For almost the entire 45-minute session with the media covering Monday’s Sugar Bowl, t