SNAP Benefits Recipients in South Carolina
BRSC45M647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
636,040.00
Year-over-Year Change
1.15%
Date Range
1/1/1981 - 6/1/2023
Summary
The 'SNAP Benefits Recipients in South Carolina' trend measures the number of individuals in South Carolina receiving Supplemental Nutrition Assistance Program (SNAP) benefits. This is an important economic indicator for policymakers and researchers studying social welfare programs and food security.
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 series tracks the monthly count of SNAP benefit recipients in the state of South Carolina. SNAP is a federal program that provides food assistance to low-income individuals and families, making it a key metric for evaluating the economic well-being of vulnerable populations.
Methodology
The data is collected and reported by the U.S. Census Bureau.
Historical Context
Trends in SNAP participation are closely monitored by government agencies, economists, and social service providers to inform policy decisions and resource allocation.
Key Facts
- SNAP is the largest federal nutrition assistance program in the United States.
- Over 40 million Americans participate in SNAP each month.
- SNAP benefits are intended to supplement a household's food budget.
FAQs
Q: What does this economic trend measure?
A: The 'SNAP Benefits Recipients in South Carolina' trend measures the monthly number of individuals in the state of South Carolina who are receiving Supplemental Nutrition Assistance Program (SNAP) benefits.
Q: Why is this trend relevant for users or analysts?
A: This trend is an important indicator of food security and economic well-being for low-income populations in South Carolina. It is closely monitored by policymakers, researchers, and social service providers to inform decisions about resource allocation and program effectiveness.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Trends in SNAP participation are used by government agencies, economists, and social service providers to assess the impact of economic conditions and policy changes on food security and the well-being of low-income households.
Q: Are there update delays or limitations?
A: The SNAP benefits data is published monthly, with a typical 1-2 month delay between the reference period and the data release.
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Citation
U.S. Federal Reserve, SNAP Benefits Recipients in South Carolina (BRSC45M647NCEN), retrieved from FRED.