SNAP Benefits Recipients in New Mexico
BR35000NMA647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
496,189.00
Year-over-Year Change
23.23%
Date Range
1/1/1989 - 1/1/2022
Summary
This economic trend measures the number of recipients of Supplemental Nutrition Assistance Program (SNAP) benefits in the state of New Mexico. It is an important indicator of food insecurity and economic hardship 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 New Mexico trend tracks the total number of individuals receiving federal food assistance benefits in the state. This data is used by policymakers, researchers, and advocates to assess the prevalence of food insecurity and evaluate the impact of social safety net programs.
Methodology
The data is collected by the U.S. Department of Agriculture from state-level SNAP administrative records.
Historical Context
SNAP enrollment data is closely monitored as it reflects broader economic conditions and the effectiveness of anti-poverty initiatives.
Key Facts
- SNAP is the largest federal food assistance program in the United States.
- New Mexico has one of the highest SNAP participation rates in the country.
- SNAP benefits help lift millions of Americans out of poverty each year.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of individuals receiving Supplemental Nutrition Assistance Program (SNAP) benefits in the state of New Mexico.
Q: Why is this trend relevant for users or analysts?
A: SNAP enrollment data is an important indicator of food insecurity and economic hardship in the state, and is closely monitored by policymakers, researchers, and advocates.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Department of Agriculture from state-level SNAP administrative records.
Q: How is this trend used in economic policy?
A: SNAP enrollment data is used to assess the prevalence of food insecurity and evaluate the impact of social safety net programs, informing policymaking decisions.
Q: Are there update delays or limitations?
A: The data is published with a short lag, and may be subject to revisions as new information becomes available.
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Citation
U.S. Federal Reserve, SNAP Benefits Recipients in New Mexico (BR35000NMA647NCEN), retrieved from FRED.