SNAP Benefits Recipients in Franklin County, IN
CBR18047INA647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,256.00
Year-over-Year Change
-50.88%
Date Range
1/1/1989 - 1/1/2022
Summary
This economic trend measures the number of Supplemental Nutrition Assistance Program (SNAP) benefit recipients in Franklin County, Indiana. It provides insight into food security and economic conditions in the region.
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 Franklin County, IN indicator tracks the monthly count of individuals receiving SNAP food assistance benefits in this specific county. This data is used by policymakers, social service providers, and economists to understand trends in local poverty, food insecurity, and the economic well-being of low-income populations.
Methodology
The data is collected and reported by the U.S. Census Bureau's Small Area Income and Poverty Estimates (SAIPE) program.
Historical Context
SNAP benefit data informs policy decisions related to food assistance, social services, and economic development programs.
Key Facts
- Franklin County, IN has a population of around 23,000 people.
- In 2021, approximately 12% of Franklin County residents received SNAP benefits.
- SNAP participation rates in Franklin County have fluctuated between 10-15% over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the monthly number of individuals receiving Supplemental Nutrition Assistance Program (SNAP) benefits in Franklin County, Indiana.
Q: Why is this trend relevant for users or analysts?
A: SNAP benefit data provides insight into local food security and economic conditions, informing policy decisions related to social services and economic development.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau's Small Area Income and Poverty Estimates (SAIPE) program.
Q: How is this trend used in economic policy?
A: SNAP benefit data is used by policymakers, social service providers, and economists to understand trends in local poverty, food insecurity, and the economic well-being of low-income populations.
Q: Are there update delays or limitations?
A: The SNAP benefits data is reported on a monthly basis, but may have some reporting delays from the source.
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Citation
U.S. Federal Reserve, SNAP Benefits Recipients in Franklin County, IN (CBR18047INA647NCEN), retrieved from FRED.