SNAP Benefits Recipients in Albany County, NY
CBR36001NYA647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
34,556.00
Year-over-Year Change
6.40%
Date Range
1/1/1989 - 1/1/2022
Summary
This trend measures the number of Supplemental Nutrition Assistance Program (SNAP) recipients in Albany County, New York. It provides insight into food insecurity 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 Albany County, NY trend tracks the total number of individuals receiving Supplemental Nutrition Assistance Program benefits in Albany County, a major metropolitan area in New York State. This metric is used to assess levels of food insecurity and understand the economic well-being of low-income households in the region.
Methodology
The data is collected by the U.S. Census Bureau through household surveys and administrative records.
Historical Context
Policymakers and analysts use this trend to inform decisions around social safety net programs and community development initiatives.
Key Facts
- Albany County has a population of over 310,000 people.
- SNAP benefits provide an average of $126 per month per recipient.
- The county's SNAP recipient count has fluctuated between 30,000-40,000 in recent years.
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 Albany County, New York.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into food insecurity and economic conditions in the Albany region, which is crucial for informing policy decisions around social safety net programs.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through household surveys and administrative records.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to inform decisions around social safety net programs and community development initiatives in the Albany area.
Q: Are there update delays or limitations?
A: The data is updated regularly by the Census Bureau, but there may be lags in availability due to the time required for data collection and processing.
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Citation
U.S. Federal Reserve, SNAP Benefits Recipients in Albany County, NY (CBR36001NYA647NCEN), retrieved from FRED.