SNAP Benefits Recipients in Montana
BR30000MTA647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
85,766.00
Year-over-Year Change
-29.91%
Date Range
1/1/1989 - 1/1/2022
Summary
The 'SNAP Benefits Recipients in Montana' trend measures the number of individuals in Montana who receive Supplemental Nutrition Assistance Program (SNAP) benefits. This metric is important 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 Montana' data series tracks the total number of people in Montana who receive SNAP benefits, formerly known as food stamps. This measure provides insight into the economic well-being and food access challenges faced by low-income residents in the state.
Methodology
The data is collected by the U.S. Census Bureau through household surveys.
Historical Context
SNAP participation levels are closely monitored by policymakers and economists to assess the effectiveness of food assistance programs.
Key Facts
- SNAP is the largest federal nutrition assistance program in the U.S.
- In 2021, over 42 million Americans received SNAP benefits.
- SNAP benefits averaged $218 per person per month in 2021.
FAQs
Q: What does this economic trend measure?
A: The 'SNAP Benefits Recipients in Montana' trend measures the total number of individuals in the state of Montana who receive Supplemental Nutrition Assistance Program (SNAP) benefits.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into food security and poverty levels in Montana, which is valuable information for policymakers, social service providers, and economists analyzing economic conditions in the state.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through household surveys.
Q: How is this trend used in economic policy?
A: SNAP participation levels are closely monitored by policymakers and economists to assess the effectiveness of federal food assistance programs and inform decisions about funding and eligibility requirements.
Q: Are there update delays or limitations?
A: The data is subject to the release schedule and methodological updates of the U.S. Census Bureau, which may result in occasional delays or revisions to the reported figures.
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Citation
U.S. Federal Reserve, SNAP Benefits Recipients in Montana (BR30000MTA647NCEN), retrieved from FRED.