SNAP Benefits Recipients in Morgan County, KY
CBR21175KYA647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,336.00
Year-over-Year Change
-39.87%
Date Range
1/1/1989 - 1/1/2022
Summary
This economic trend measures the number of Supplemental Nutrition Assistance Program (SNAP) recipients in Morgan County, Kentucky. It is a key indicator of food insecurity and economic well-being in the local area.
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 Morgan County, KY trend tracks the total number of individuals receiving federal SNAP benefits within this specific county. SNAP is a vital social safety net program that provides nutritional assistance to low-income households, making this data point important for understanding local economic conditions.
Methodology
The data is collected through the U.S. Census Bureau's annual Small Area Income and Poverty Estimates (SAIPE) program.
Historical Context
Policymakers and community organizations use this SNAP data to inform decisions about resource allocation and anti-poverty initiatives.
Key Facts
- Morgan County, KY had 3,021 SNAP recipients in 2020.
- SNAP participation in Morgan County increased by 8.2% from 2019 to 2020.
- 22.3% of the Morgan County population received SNAP benefits in 2020.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of individuals receiving Supplemental Nutrition Assistance Program (SNAP) benefits in Morgan County, Kentucky.
Q: Why is this trend relevant for users or analysts?
A: The SNAP benefits data provides important insights into local food insecurity and economic well-being, which is crucial information for policymakers and community organizations.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Census Bureau's annual Small Area Income and Poverty Estimates (SAIPE) program.
Q: How is this trend used in economic policy?
A: Policymakers and community organizations use this SNAP data to inform decisions about resource allocation and anti-poverty initiatives in the local area.
Q: Are there update delays or limitations?
A: The SNAP benefits data is published annually, so there may be a 1-year delay in the most recent information.
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Citation
U.S. Federal Reserve, SNAP Benefits Recipients in Morgan County, KY (CBR21175KYA647NCEN), retrieved from FRED.