SNAP Benefits Recipients in Nevada
BRNV32M647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
498,558.00
Year-over-Year Change
6.25%
Date Range
1/1/1981 - 6/1/2023
Summary
The SNAP Benefits Recipients in Nevada trend measures the number of individuals in Nevada who receive Supplemental Nutrition Assistance Program (SNAP) benefits. This metric is crucial for policymakers to assess the level of food insecurity and the effectiveness of social safety net programs.
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 Nevada series tracks the monthly count of Nevada residents enrolled in the federal Supplemental Nutrition Assistance Program. SNAP provides nutritional assistance to low-income households, making this data important for evaluating program access and efficacy.
Methodology
The data is collected by the U.S. Department of Agriculture based on administrative records from state SNAP agencies.
Historical Context
Policymakers and economists use this trend to understand food security conditions and the reach of SNAP in Nevada.
Key Facts
- Nevada had over 400,000 SNAP recipients in 2021.
- SNAP benefits account for 10% of total personal income in Nevada.
- SNAP participation rates are higher in rural Nevada counties.
FAQs
Q: What does this economic trend measure?
A: The SNAP Benefits Recipients in Nevada trend measures the monthly number of individuals in Nevada who receive Supplemental Nutrition Assistance Program (SNAP) benefits.
Q: Why is this trend relevant for users or analysts?
A: This trend is important for policymakers and economists to assess food security levels and the effectiveness of the SNAP program in Nevada.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Department of Agriculture based on administrative records from state SNAP agencies.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to understand food security conditions and the reach of SNAP in Nevada, which informs decisions about social welfare programs.
Q: Are there update delays or limitations?
A: The data is subject to typical administrative reporting lags, but is generally updated on a monthly basis.
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Citation
U.S. Federal Reserve, SNAP Benefits Recipients in Nevada (BRNV32M647NCEN), retrieved from FRED.