SNAP Benefits Increase 0.26 Percent in June, Hitting Another Record

0
SNAP Benefits Increase 0.26 Percent in June, Hitting Another Record

The number of Americans receiving assistance from the Supplementary Nutrition Assistance Program (SNAP), more commonly known as food stamps, increased 0.26% in June, the U.S. Department of Agriculture reports.

47.760 million people participated in the program in June compared to 47.635 million in May, which means that SNAP expanded by 125k people during the month. The increase in June follows a 0.18% increase in participation in May.

SNAP Benefits Increase 0.26 Percent in June, Hitting Another Record

Seth Klarman’s Foundation Invested In These Three Hedge Funds

Seth KlarmanMany well-known hedge fund managers are also philanthropists, and many of them have their own foundations. Seth Klarman of Baupost is one of those with his own foundation, and he invested in a handful of hedge funds through his foundation. This list of Klarman's favorite hedge funds is based on the Klarman Family Foundation's 990 Read More

The average monthly benefit received per person in June was $132.89, up from $132.70 in May. This means that the total cost of the SNAP program in June was $6.347 billion.

As the SNAP program continues to grow, the demographic composition of the people participating hascontinued to grow as well.

Updated on

No posts to display