The COLA is one of the most useful tools for United States citizens. Thanks to the COLA, the payments for SNAP Food Stamps and others such as Social Security increase every year. So through the COLA we can get a little extra money to use for whatever we need.
While it is true that the purpose of the COLA is none other than to deal with inflation and price increases, the truth is that it is really useful. Without the COLA, many Americans would not have enough money to pay all their monthly expenses. The COLA has become essential to balance the price scales a bit.
In this sense, every new year we have a new COLA. This can change a little, as sometimes the Government can determine that the COLA is 0% or very little, but it all depends on the evolution of prices during the year.
In the event that we have a SNAP Food Stamps or Social Security benefit any news about the COLA is of interest to us. And is that many Americans will rely heavily on this Cost of Living Adjustment. So be sure to pay attention to everything related to this annual increase in benefits.
What will the 2025 COLA be for SNAP Food Stamps?
It is still too early to determine what this year’s COLA will be, but all indications are that it will not be excessively large. If a year ago we had a COLA of almost 9% and in this 2023 it has barely passed 3%, it is possible that in 2025 it will be even lower.
Everything will depend on the third quarter of the year. From the price increase in those months we will see what the COLA will be for SNAP and other benefits. At the moment, in this year 2024 we are not seeing too much inflation.
Since we don’t have a very high price increase, we can almost guess that the COLA will not be very high. Still, it is still early to determine this, but we can always make forecasts to help us understand the situation a bit.
Be that as it may, SNAP Food Stamps will have the COLA applied by the time the government announces it. So in mid-October we will enjoy an increase in this benefit so we can buy some more food with it.