SNAP Benefits Recipients in McLean County, IL
CBR17113ILA647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
20,862.00
Year-over-Year Change
28.55%
Date Range
1/1/1989 - 1/1/2022
Summary
This trend measures the number of Supplemental Nutrition Assistance Program (SNAP) recipients in McLean County, Illinois. It is an important indicator of 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 McLean County, IL trend tracks the total number of individuals in this Illinois county who receive federal Supplemental Nutrition Assistance Program (SNAP) benefits. SNAP, formerly known as food stamps, is a key social safety net program that provides food purchasing assistance to low-income households.
Methodology
The data is collected and reported by the U.S. Census Bureau.
Historical Context
This trend is closely monitored by policymakers, social service providers, and economists to assess the economic conditions and food security of the local population.
Key Facts
- McLean County has a population of over 170,000 people.
- SNAP participation rates can indicate local economic hardship.
- The data is updated annually by the U.S. Census Bureau.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of individuals in McLean County, Illinois who are receiving Supplemental Nutrition Assistance Program (SNAP) benefits, formerly known as food stamps.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the level of food insecurity and economic well-being within the local McLean County community. SNAP participation rates are a key indicator of social and economic conditions.
Q: How is this data collected or calculated?
A: The data is collected and reported annually by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers, social service providers, and economists closely monitor SNAP participation rates to assess the effectiveness of food assistance programs and identify areas of economic need within local communities.
Q: Are there update delays or limitations?
A: The data is updated annually, so there may be a 1-year delay in the most recent figures. The Census Bureau data also does not provide real-time updates on SNAP enrollment.
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Citation
U.S. Federal Reserve, SNAP Benefits Recipients in McLean County, IL (CBR17113ILA647NCEN), retrieved from FRED.