SNAP Benefits Recipients in Maryland
BRMD24M647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
670,333.00
Year-over-Year Change
1.95%
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 Maryland. 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 Maryland series tracks the monthly count of individuals and households receiving federal SNAP food assistance benefits in the state. This data is used by policymakers, researchers, and advocacy groups to monitor trends in food insecurity and evaluate the reach of this social safety net program.
Methodology
The data is collected and reported by the U.S. Census Bureau through household surveys.
Historical Context
SNAP participation data helps inform state and federal policies around social welfare, nutrition, and poverty alleviation.
Key Facts
- SNAP is the largest federal nutrition assistance program in the U.S.
- Maryland had over 600,000 SNAP recipients as of the latest data.
- SNAP benefits averaged $126 per person per month in Maryland.
FAQs
Q: What does this economic trend measure?
A: This trend measures the monthly number of individuals and households receiving Supplemental Nutrition Assistance Program (SNAP) benefits in the state of Maryland.
Q: Why is this trend relevant for users or analysts?
A: SNAP participation data provides important insights into food security and economic well-being in Maryland, helping to inform social welfare policies and programs.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau through household surveys.
Q: How is this trend used in economic policy?
A: SNAP participation data helps state and federal policymakers evaluate the reach and impact of this key social safety net program.
Q: Are there update delays or limitations?
A: The SNAP benefits data is reported on a monthly basis with some time lag for collection and publication.
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Citation
U.S. Federal Reserve, SNAP Benefits Recipients in Maryland (BRMD24M647NCEN), retrieved from FRED.