SNAP Benefits: What is the impact of SS COLA on Food Stamps?

A small independent convenience store advertises that EBT cards, also known as food stamps, are accepted.

The new cost-of-living adjustment (COLA), which is expected to come into force for fiscal year 2023, will see a rise in the Supplemental Nutrition Assistance Program (SNAP) benefits.

This means that low-income families in the USA will receive a financial boost in the government’s bid to provide people in need with financial aid following the increase in the inflation rates.