SNAP Benefits Recipients in Otsego County, NY
CBR36077NYA647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,864.00
Year-over-Year Change
2.11%
Date Range
1/1/1989 - 1/1/2022
Summary
This trend measures the number of Supplemental Nutrition Assistance Program (SNAP) recipients in Otsego County, New York. It provides valuable insights into food insecurity and economic well-being 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 Otsego County, NY trend tracks the number of individuals and households receiving federal SNAP benefits, also known as food stamps, within this specific county. This metric is a key indicator of poverty, food access, and the overall economic conditions in the local area.
Methodology
The data is collected and reported by the U.S. Census Bureau.
Historical Context
Policymakers and social service providers use this trend to understand the evolving needs and vulnerabilities of the local population.
Key Facts
- Otsego County is located in central New York state.
- SNAP provides nutrition assistance to millions of eligible, low-income individuals and families.
- The trend data is updated annually by the U.S. Census Bureau.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of individuals and households in Otsego County, New York that receive federal Supplemental Nutrition Assistance Program (SNAP) benefits, also known as food stamps.
Q: Why is this trend relevant for users or analysts?
A: The SNAP Benefits Recipients trend provides valuable insights into food insecurity, poverty levels, and overall economic conditions within Otsego County. It is a key indicator used by policymakers, social service providers, and researchers to understand the needs and vulnerabilities of the local population.
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 and social service providers use this trend to identify areas of high need, allocate resources, and develop programs to address food insecurity and support low-income households in Otsego County.
Q: Are there update delays or limitations?
A: The SNAP Benefits Recipients data is updated annually, with a typical 1-year delay in reporting. There may be limitations in capturing all eligible recipients due to enrollment challenges or data collection methods.
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Citation
U.S. Federal Reserve, SNAP Benefits Recipients in Otsego County, NY (CBR36077NYA647NCEN), retrieved from FRED.