SNAP Benefits Recipients in Virginia
BR51000VAA647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
839,174.00
Year-over-Year Change
-0.25%
Date Range
1/1/1989 - 1/1/2022
Summary
The 'SNAP Benefits Recipients in Virginia' trend measures the number of individuals in Virginia who receive Supplemental Nutrition Assistance Program (SNAP) benefits, which provide financial assistance for purchasing food.
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
This economic indicator tracks participation in the SNAP program, which is a key social safety net program aimed at reducing food insecurity and improving nutrition for low-income households. Monitoring SNAP enrollment provides insights into the economic well-being of Virginia's residents.
Methodology
The data is collected through state-level reporting on SNAP program enrollment.
Historical Context
SNAP participation data is used by policymakers, researchers, and anti-poverty organizations to assess the need for food assistance and inform policy decisions.
Key Facts
- SNAP benefits provide an average of $127 per person per month in Virginia.
- In 2021, over 750,000 Virginians received SNAP benefits.
- SNAP participation in Virginia rose by 12% during the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: The 'SNAP Benefits Recipients in Virginia' trend measures the number of individuals in the state of Virginia who receive Supplemental Nutrition Assistance Program (SNAP) benefits.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the economic well-being of Virginia's residents and the need for food assistance programs, which is crucial information for policymakers, researchers, and organizations focused on addressing poverty and food insecurity.
Q: How is this data collected or calculated?
A: The data is collected through state-level reporting on SNAP program enrollment.
Q: How is this trend used in economic policy?
A: SNAP participation data is used by policymakers, economists, and anti-poverty organizations to assess the need for food assistance and inform policy decisions related to social welfare programs.
Q: Are there update delays or limitations?
A: The data is subject to typical state-level reporting lags, but generally provides timely information on SNAP enrollment in Virginia.
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Citation
U.S. Federal Reserve, SNAP Benefits Recipients in Virginia (BR51000VAA647NCEN), retrieved from FRED.