Karen Langley reports that even under the kinder gentler asset test for food stamps, 4000 people will be kicked off the program in the worst job market since the Great Depression:
A total of 4,000 households are expected to lose their food stamps under the revised proposal by the state Department of Public Welfare [...]
Older people and the disabled with more than $9,000 in assets would no longer qualify for food stamps under a plan submitted Wednesday to federal officials. Those under age 60 would be disqualified if they have more than $5,500 in assets.
Under the asset test, savings and checking accounts, cash, stocks, bonds and additional vehicles would count toward the limit. The asset test would exclude a person’s home and the surrounding land, household goods, burial plots, life insurance and pension plans and a primary vehicle, among other assets.
The Corbett administration initially proposed a limit of $2,000 for a household and $3,250 for a household with an elderly or disabled individual.
