SNAP Benefits Recipients in Maine
BR23000MEA647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
167,206.00
Year-over-Year Change
-31.54%
Date Range
1/1/1989 - 1/1/2022
Summary
The 'SNAP Benefits Recipients in Maine' metric tracks the number of individuals in the state of Maine who receive Supplemental Nutrition Assistance Program (SNAP) benefits. This data is crucial for understanding food security and poverty levels in the state.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The SNAP Benefits Recipients in Maine statistic represents the total number of people in Maine participating in the federal government's Supplemental Nutrition Assistance Program. This metric is used by policymakers, economists, and social service providers to gauge the extent of food insecurity and need for nutritional assistance in the state.
Methodology
The data is collected through state-level reporting to the U.S. Department of Agriculture, which administers the SNAP program.
Historical Context
Trends in SNAP participation can inform policy decisions around social safety net programs and economic development initiatives in Maine.
Key Facts
- Maine has the 13th highest SNAP participation rate in the U.S.
- SNAP benefits account for 10% of Maine's total personal consumption expenditures.
- The number of SNAP recipients in Maine peaked during the Great Recession in 2011.
FAQs
Q: What does this economic trend measure?
A: The 'SNAP Benefits Recipients in Maine' metric tracks the total number of individuals in the state of Maine who receive Supplemental Nutrition Assistance Program (SNAP) benefits.
Q: Why is this trend relevant for users or analysts?
A: This data is crucial for understanding food security and poverty levels in the state of Maine, and can inform policy decisions around social safety net programs and economic development initiatives.
Q: How is this data collected or calculated?
A: The data is collected through state-level reporting to the U.S. Department of Agriculture, which administers the SNAP program.
Q: How is this trend used in economic policy?
A: Trends in SNAP participation can inform policy decisions around social safety net programs and economic development initiatives in Maine.
Q: Are there update delays or limitations?
A: The SNAP Benefits Recipients in Maine data is updated regularly by the U.S. Department of Agriculture, but may be subject to reporting lags or changes in program eligibility requirements.
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Citation
U.S. Federal Reserve, SNAP Benefits Recipients in Maine (BR23000MEA647NCEN), retrieved from FRED.