SNAP Benefits Recipients in Richmond County, NC
CBR37153NCA647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
14,994.00
Year-over-Year Change
19.60%
Date Range
1/1/1989 - 1/1/2022
Summary
The SNAP Benefits Recipients in Richmond County, NC trend measures the number of individuals receiving Supplemental Nutrition Assistance Program (SNAP) benefits in this North Carolina county. This data is crucial for understanding food insecurity and assessing the effectiveness of social safety net programs.
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 Richmond County, NC trend represents the total count of people receiving SNAP benefits, formerly known as food stamps, in this specific county. This data is used by policymakers, social service organizations, and researchers to evaluate program utilization and identify areas with high levels of food insecurity.
Methodology
The data is collected and reported by the U.S. Department of Agriculture (USDA) based on administrative records from state and local SNAP-administering agencies.
Historical Context
SNAP benefit data is widely used to inform policy decisions, budget allocations, and the implementation of food assistance programs at the local and regional levels.
Key Facts
- SNAP provides food benefits to low-income individuals and families.
- Richmond County, NC had over 10,000 SNAP recipients in 2021.
- SNAP participation rates tend to increase during economic downturns.
FAQs
Q: What does this economic trend measure?
A: The SNAP Benefits Recipients in Richmond County, NC trend measures the total number of individuals receiving Supplemental Nutrition Assistance Program (SNAP) benefits in this North Carolina county.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for understanding food insecurity, evaluating the effectiveness of social safety net programs, and informing policy decisions and budget allocations for food assistance initiatives at the local and regional levels.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Department of Agriculture (USDA) based on administrative records from state and local SNAP-administering agencies.
Q: How is this trend used in economic policy?
A: SNAP benefit data is widely used by policymakers, social service organizations, and researchers to inform decisions, budget allocations, and the implementation of food assistance programs at the local and regional levels.
Q: Are there update delays or limitations?
A: The SNAP benefits data is subject to administrative reporting lags, and may not reflect real-time changes in program enrollment or utilization.
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Citation
U.S. Federal Reserve, SNAP Benefits Recipients in Richmond County, NC (CBR37153NCA647NCEN), retrieved from FRED.