SNAP Benefits Recipients in Iosco County, MI
CBR26069MIA647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,568.00
Year-over-Year Change
-27.06%
Date Range
1/1/1989 - 1/1/2022
Summary
This economic trend measures the number of Supplemental Nutrition Assistance Program (SNAP) benefit recipients in Iosco County, Michigan. SNAP provides food assistance to low-income individuals and families, making this metric a key indicator of economic hardship and food insecurity 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 Iosco County, MI series tracks the total number of individuals receiving SNAP benefits, which were previously known as food stamps, in this specific county. This data provides insights into the economic well-being and food access challenges faced by residents of Iosco County.
Methodology
The data is collected and reported by the U.S. Census Bureau through its American Community Survey.
Historical Context
Policymakers and social service providers use this metric to understand the level of need and allocate resources to support food-insecure populations in Iosco County.
Key Facts
- Iosco County has a population of around 25,000 people.
- SNAP benefits provide an average of $126 per month per recipient in Michigan.
- The SNAP participation rate in Iosco County is higher than the national average.
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 Iosco County, Michigan.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the level of food insecurity and economic hardship faced by residents of Iosco County, which is valuable information for policymakers, social service providers, and researchers.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau through its American Community Survey.
Q: How is this trend used in economic policy?
A: Policymakers and social service providers use this metric to understand the level of need and allocate resources to support food-insecure populations in Iosco County.
Q: Are there update delays or limitations?
A: The data is published annually with a potential delay of up to one year.
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Citation
U.S. Federal Reserve, SNAP Benefits Recipients in Iosco County, MI (CBR26069MIA647NCEN), retrieved from FRED.