SNAP Benefits Recipients in Martin County, FL
CBR12085FLA647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
11,225.00
Year-over-Year Change
-13.99%
Date Range
1/1/1989 - 1/1/2022
Summary
This trend measures the number of recipients of Supplemental Nutrition Assistance Program (SNAP) benefits in Martin County, Florida. It provides important insights into food security and economic well-being in the local community.
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 Martin County, FL trend tracks the number of individuals and households receiving federal SNAP food assistance in this Florida county. SNAP data is a key economic indicator used by policymakers and researchers to understand regional food insecurity and poverty levels.
Methodology
The data is collected by the U.S. Census Bureau through household surveys.
Historical Context
SNAP participation rates are closely monitored by government agencies and nonprofits to inform policies and programs addressing poverty and food access.
Key Facts
- SNAP is the largest federal nutrition assistance program in the U.S.
- Over 38 million Americans participated in SNAP in 2021.
- The average SNAP benefit was $240 per person per month in 2021.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of individuals and households receiving Supplemental Nutrition Assistance Program (SNAP) benefits in Martin County, Florida.
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 the local community, which is valuable information for policymakers, researchers, and social service providers.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through household surveys.
Q: How is this trend used in economic policy?
A: SNAP participation rates are closely monitored by government agencies and nonprofits to inform policies and programs addressing poverty and food access in local communities.
Q: Are there update delays or limitations?
A: There may be delays in data availability and potential limitations in capturing all SNAP recipients due to survey methodology.
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Citation
U.S. Federal Reserve, SNAP Benefits Recipients in Martin County, FL (CBR12085FLA647NCEN), retrieved from FRED.