Please Be Aware That The “Benefits Trap” Also Is Part Of The Puzzle Of Solving The Homeless Crisis In Vermont
Many Vermonters are in the Benefits Trap. You can’t earn over a certain amount of money or you will lose your benefits, and the benefits have more financial value than the value of rent which could put you over the benefits limit by renting a room to someone.
In the Benefits Trap scheme of things, you are allowed to own one home (up to a certain value) and one car (up to a certain value). If you have an extra bedroom, and you rent it out, that is income, and poof! you could lose your benefits which have a value greater than the rent a person might pay.