Join Early Retirement Today
Closed Thread
 
Thread Tools Search this Thread Display Modes
Food Stamps (SNAP)
Old 03-09-2014, 07:38 PM   #1
Thinks s/he gets paid by the post
 
Join Date: Feb 2014
Posts: 1,049
Food Stamps (SNAP)

I have done some research on Food Stamps (in NY).

I am not interested in the political aspects of food stamps. I do not care if you love them or hate them.

Max monthly income 130% FPL $1245 month.

No resource test for most people, only income test, except for those previously sanctioned for violations, and some other instances.

Work and training component (60 yo and over is exempt). If not exempt, must meet local district's work requirements once on SNAP.

Able Bodied Adults Without Dependents (ABAWDs) Person between 18-49 who is not disabled with no dependents.
Looks like the max benefit is capped at 3 months once every three years. Can be more if approved work activity is for 80 hours in a calendar month. This is more stringent than the regular work requirements.

Max benefit for one person is $189 a month. A budget must be constructed that reduces this amount.

Effective 1/1/12 finger imaging is prohibited for SNAP purposes.

So based on all this, it looks like I could only get SNAP for 3 months and then it would cut off. I would have to wait to 60 to get it without the major hassle of work / training requirements. Seems like they want a lot of information for not a lot of money being handed out.
__________________

__________________
jim584672 is offline  
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 03-09-2014, 07:46 PM   #2
Recycles dryer sheets
 
Join Date: Nov 2013
Posts: 65
I think SNAP is designed as a temporary bridge until someone gets a job or otherwise becomes financially self-supporting.
__________________

__________________
Act2 is offline  
Old 03-09-2014, 07:55 PM   #3
Thinks s/he gets paid by the post
Major Tom's Avatar
 
Join Date: Nov 2009
Location: SF East Bay
Posts: 3,129
Quote:
Originally Posted by jim584672 View Post
No resource test for most people, only income test, except for those previously sanctioned for violations, and some other instances.
Maybe no resource test but, at least in California (where I live) there is a resource requirement of no more than $2,000.

In other words, anyone who has savings/investments of more than $2,000 shouldn't be applying, regardless of whether there is a test for it or not.

I'd apply if I qualified, but my portfolio disqualifies me.
__________________
ER, for all intents and purposes. Part-time income <5% of annual expenditure.
Major Tom is offline  
Old 03-09-2014, 08:01 PM   #4
Thinks s/he gets paid by the post
 
Join Date: Oct 2006
Posts: 3,815
Quote:
Originally Posted by jim584672 View Post
I have done some research on Food Stamps (in NY).

I am not interested in the political aspects of food stamps. I do not care if you love them or hate them.

Max monthly income 130% FPL $1245 month.
.
Note that being "eligible" for SNAP is not the same as actually getting a benefit.

In the crudest terms, the monthly benefit for a single person whose $975 monthly income comes entirely from work would be

$189 - .3 x ($975 - (.2 x $975) - $152) = $0.60

Eligibility | Food and Nutrition Service

People posting here who have figured out how to get their incomes down to these levels may also have "excess housing expense" which would increase the benefit.
__________________
Independent is offline  
Old 03-09-2014, 08:11 PM   #5
Thinks s/he gets paid by the post
 
Join Date: Feb 2014
Posts: 1,049
Quote:
Originally Posted by Major Tom View Post
Maybe no resource test but, at least in California (where I live) there is a resource requirement of no more than $2,000.

In other words, anyone who has savings/investments of more than $2,000 shouldn't be applying, regardless of whether there is a test for it or not.

I'd apply if I qualified, but my portfolio disqualifies me.
Effective February 1st, 2011 all CalFresh (Food Stamps) households are exempt from the resource test.* Resources include money in bank accounts, cash on hand, stocks and bonds, etc.* Resources also include the value of real estate, autos, and retirement accounts.* You will no longer need to answer questions regarding resources when applying or renewing for CalFresh benefits.
Income generated by resources, including bank interests, dividends, rental income, etc is counted to determine the household's total gross income.
source: Am I Eligible for CalFresh (Food Stamps)?
__________________
jim584672 is offline  
Old 03-09-2014, 10:02 PM   #6
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
haha's Avatar
 
Join Date: Apr 2003
Location: Hooverville
Posts: 22,382
I absolutely think you should get all the money you want, with no hassle of work, or qualifying, or even showing up to get your card.

What good is welfare that requires something of the recipient?
__________________
"As a general rule, the more dangerous or inappropriate a conversation, the more interesting it is."-Scott Adams
haha is offline  
Old 03-09-2014, 10:22 PM   #7
Thinks s/he gets paid by the post
Major Tom's Avatar
 
Join Date: Nov 2009
Location: SF East Bay
Posts: 3,129
Jim - I am, as some of my fellow Brits might say, somewhat gobsmacked. Not sure how I feel about that.

Ha - good to see you posting again. Hope you're nearly back to your old self.
__________________
ER, for all intents and purposes. Part-time income <5% of annual expenditure.
Major Tom is offline  
Food Stamps
Old 03-09-2014, 11:02 PM   #8
Dryer sheet aficionado
 
Join Date: Sep 2013
Posts: 31
Food Stamps

Just for information Food Stamps are not a legislative bill for to feed the poor. They were designed as an agricultural subsidy bill for farmers. The larger farmers that benefit are mostly larger corporations.
__________________
Cedar is offline  
Old 03-09-2014, 11:57 PM   #9
Recycles dryer sheets
 
Join Date: Jan 2014
Posts: 243
Quote:
Originally Posted by Cedar View Post
Just for information Food Stamps are not a legislative bill for to feed the poor. They were designed as an agricultural subsidy bill for farmers. The larger farmers that benefit are mostly larger corporations.

News to my ignorance. Wonder if this counts towards me learning something new everyday.

As you portray it, I would have to declare this legislation a smashing success then!
__________________
Turboslacker is offline  
Old 03-10-2014, 05:13 AM   #10
Thinks s/he gets paid by the post
2B's Avatar
 
Join Date: Mar 2006
Location: Houston
Posts: 4,330
I was on food stamps way back in their early days. I truly didn't have much income but I was trying. I wasn't going to starve without them but someone convinced me to take them. I eventually out earned the ability to qualify. When I was getting them, it sure made a difference in my food spending. I bought solid meat instead of the cheapest ground beef.

I don't see anything wrong with taking a benefit available to someone as long as fraud is not involved. That would apply to taking tax breaks, getting ACA subsidies and food stamps. Politically, I'm to the right of Attilla the Hun so I won't fire up the moderators with any comments on the specific programs. Just because I don't agree with many of the aspects of these programs doesn't mean I don't believe individuals shouldn't utilize the system to their own benefit.
__________________
The object of life is not to be on the side of the majority, but to escape finding oneself in the ranks of the insane -- Marcus Aurelius
2B is offline  
Old 03-10-2014, 07:43 AM   #11
Thinks s/he gets paid by the post
Brett_Cameron's Avatar
 
Join Date: May 2011
Location: South Eastern USA
Posts: 1,010
When I was very young, they gave out "commodities" to the poor. I remember peanut butter in coffee can sized cans and cheese. I was told that this was food the government bought to subsidize farmers. The government then gave it away to poor folks like my father's family. My mother's family sneered at Commodity food.
__________________
All that glitters is not gold. -G. Chaucer, W. Shakespeare
All that is gold does not glitter. -J.R.R. Tolkien
Brett_Cameron is offline  
Old 03-10-2014, 10:01 AM   #12
Thinks s/he gets paid by the post
 
Join Date: Sep 2012
Location: Seattle
Posts: 2,905
I am not going to complain about someone getting $200 a month for SNAP when we are going to get $4,000 to $15,000 for ACA
__________________
Fermion is offline  
Old 03-10-2014, 10:01 AM   #13
Thinks s/he gets paid by the post
tryan's Avatar
 
Join Date: Mar 2005
Posts: 2,449
Even if I qualified, I would be hesitant to to give the feds um-teen more pages of personal info on my financial situation. Didn't trust them before ... trust them even less now.
__________________
FIRE'd since 2005
tryan is offline  
Old 03-10-2014, 12:28 PM   #14
Thinks s/he gets paid by the post
Major Tom's Avatar
 
Join Date: Nov 2009
Location: SF East Bay
Posts: 3,129
I checked on jim's statement and indeed, as of 2011, there is no longer a resource requirement or test in most cases. Out of curiosity, I took a brief online test and found out that I qualify for somewhere between $140 - $160 a month in food stamps.

This is a bit mind-boggling to me. I may not be loaded by the standards of many members here, but I do have about 740K in my portfolio, a little more than half of which is in a taxable account. The income from interest and dividends in the taxable account was about $8200 last year, putting me within the threshold of eligibility for food stamps.

I'm still trying to get my head around this as, to me, there is a big difference between a person who has little or no savings in the bank and an income of $1200/month or less ($1200 is the cut-off for single people in CA according to the table I saw), and someone who has a substantial amount of assets from which they are drawing an income (even if it is a low income).

Why would this resource requirement have been dropped? Perhaps to increase subsidies to farmers and food producers in the wake of the recession, though I wonder how much impact dropping the resource requirement would have had?

Quote:
Originally Posted by jim584672 View Post
Seems like they want a lot of information for not a lot of money being handed out.
Well, for folk with little or nothing in the way of assets who are living on low income, that extra money in food stamps can make a big difference. For them, it would be well worth the trouble applying. I'm comfortable with making people jump through a few hoops to get government help.
__________________
ER, for all intents and purposes. Part-time income <5% of annual expenditure.
Major Tom is offline  
Old 03-10-2014, 12:49 PM   #15
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Feb 2013
Posts: 5,326
Quote:
Originally Posted by Major Tom View Post
I checked on jim's statement and indeed, as of 2011, there is no longer a resource requirement or test in most cases. Out of curiosity, I took a brief online test and found out that I qualify for somewhere between $140 - $160 a month in food stamps.
I don't know specifically on the reasons the California asset test was dropped but I think in general asset tests with very low limits force people to cash in their retirement savings often in short term times of need. So long term the asset tests have been questioned by some as being counter productive and piling on to the long term societal problem of not enough retirement savings.
__________________
daylatedollarshort is offline  
Old 03-10-2014, 12:55 PM   #16
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
youbet's Avatar
 
Join Date: Mar 2005
Location: Chicago
Posts: 9,965
Quote:
Originally Posted by Major Tom View Post
Why would this resource requirement have been dropped? .
Because:

There aren't too many folks with with significant assets whose income isn't over the $1.2k/mo cutoff? It's probably presumed that doing a deep dive asset search on everyone who applies might only yield a small handful of violators. Of course, they could do it on an audit basis like the IRS.........

Income is easy to verify using the local govt's link to IRS data. Assets are hard and expensive to verify. Say the cutoff for an asset test would be $10k not counting a house or car. How do you easily and inexpensively check on that? Do you check and see if the elderly widow who's applying still has her expensive engagement ring from decades ago? Has she yet to sell the piece of artwork she and her husband bought when they were young and which has appreciated nicely? How do you check to see whether she still has some savings bonds tucked in the bottom of a drawer she was saving for her grandkids? Etc.......

I 100% agree with you though. It bugs the hell out of me when folks I know collect welfare-like benefits based on the fact their only reportable income is SS (or even less if they're too young for SS) and they have hefty brokerage accounts mostly holding deferred money. I have a very close friend who is collecting SNAP and heating fuel assistance while having a hefty brokerage account, a house and a newer sports car. Prior to that it was 99 weeks of unemployment benefits while not seriously looking for a job. I don't blame him personally for doing it since it's legal. But I do blame our politicians for putting the system in place.
__________________
"I wasn't born blue blood. I was born blue-collar." John Wort Hannam
youbet is offline  
Old 03-10-2014, 01:38 PM   #17
Moderator
MichaelB's Avatar
 
Join Date: Jan 2008
Location: Rocky Inlets
Posts: 24,424
Thanks for the lively discussion,

__________________

__________________
MichaelB is offline  
Closed Thread


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Wins the Lottery but Still on Food Stamps! Calgary_Girl Other topics 10 03-08-2012 07:46 PM
Who is going to snap? TomSimpsonAZ Young Dreamers 7 05-20-2006 01:09 AM
Happy Holidays - food unclemick Other topics 0 12-24-2003 05:05 AM

 

 
All times are GMT -6. The time now is 05:31 AM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.