At least 3.5 million people have lost food stamp access as Trump's 'big beautiful bill' cuts take effect, analysis finds
The implementation of new legislation has resulted in over 3.5 million individuals losing access to food stamp benefits. This change comes amid rising grocery and gas prices, contributing to increased food insecurity across the nation. The new rules, which include stricter work requirements, have led to significant declines in participation in the Supplemental Nutrition Assistance Program (SNAP).
- ▪More than 3.5 million individuals lost SNAP benefits between July and February.
- ▪The legislation introduced stricter rules for qualifying for SNAP, particularly regarding work requirements.
- ▪The Federal Reserve Bank of New York reported a remarkable increase in food insecurity as costs rise and federal aid diminishes.
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Consumers are facing price pressures as the costs of groceries and gas rise. The pace of inflation is expected to increase in the coming months, according to the Survey of Professional Forecasters, a quarterly macroeconomic survey from the Federal Reserve Bank of Philadelphia.Meanwhile, there has been a "remarkable increase in food insecurity," the Federal Reserve Bank of New York said in a recent blog post, as people cope with higher costs and the loss of federal aid.A new analysis shows that nationwide almost 9% of individuals — more than 3.5 million — who were beneficiaries of the Supplemental Nutrition Assistance Program, which provides food benefits to low-income families, lost those benefits between July, when President Donald Trump signed his "big beautiful bill" into law, and…
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