SNAP Benefits Recipients in Kentucky
BRKY21M647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
555,176.00
Year-over-Year Change
1.39%
Date Range
1/1/1981 - 6/1/2023
Summary
This trend measures the number of Supplemental Nutrition Assistance Program (SNAP) benefit recipients in the state of Kentucky. It provides important insights into food security and economic well-being 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 Kentucky metric tracks the total number of individuals in Kentucky who receive food assistance benefits through the federal SNAP program. This data is used by policymakers, researchers, and advocates to understand trends in food insecurity and the reach of this social safety net program.
Methodology
The data is collected by the U.S. Census Bureau through monthly household surveys.
Historical Context
SNAP participation levels are closely monitored as an indicator of economic conditions and the effectiveness of anti-poverty programs.
Key Facts
- SNAP helps feed over 38 million Americans nationwide.
- Kentucky has one of the highest SNAP participation rates in the U.S.
- SNAP benefits averaged $121 per person per month in 2021.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total number of individuals in Kentucky who receive food assistance benefits through the federal Supplemental Nutrition Assistance Program (SNAP).
Q: Why is this trend relevant for users or analysts?
A: SNAP participation levels are a key indicator of food insecurity and economic well-being in Kentucky. This data informs policy decisions and helps assess the reach of this important social safety net program.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through monthly household surveys.
Q: How is this trend used in economic policy?
A: SNAP enrollment is closely monitored by policymakers, economists, and anti-poverty advocates as a gauge of economic conditions and the effectiveness of food assistance programs.
Q: Are there update delays or limitations?
A: The SNAP benefits data for Kentucky is published monthly with a short lag, providing timely insights into this important economic indicator.
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Citation
U.S. Federal Reserve, SNAP Benefits Recipients in Kentucky (BRKY21M647NCEN), retrieved from FRED.