SNAP Benefits Recipients in Chester County, SC
CBR45023SCA647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6,570.00
Year-over-Year Change
-35.25%
Date Range
1/1/1989 - 1/1/2022
Summary
The 'SNAP Benefits Recipients in Chester County, SC' metric tracks the number of individuals in Chester County, South Carolina who receive Supplemental Nutrition Assistance Program (SNAP) benefits, formerly known as food stamps. This indicator is closely monitored by policymakers and economists to assess food security and 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 Chester County, SC metric provides a detailed look at participation in the federal SNAP program within a specific local area. SNAP is a crucial income support and nutrition assistance program that helps low-income households afford groceries and maintain food security.
Methodology
This data is collected and reported by the U.S. Census Bureau through its annual Small Area Income and Poverty Estimates (SAIPE) program.
Historical Context
SNAP enrollment data is used by government agencies, nonprofits, and researchers to evaluate the socioeconomic conditions and need for food assistance in local communities.
Key Facts
- SNAP serves over 40 million Americans annually.
- Chester County's SNAP enrollment rate is above the national average.
- SNAP benefits provide $1.54 in economic activity for every $1 spent.
FAQs
Q: What does this economic trend measure?
A: The 'SNAP Benefits Recipients in Chester County, SC' metric tracks the number of individuals in Chester County, South Carolina who receive Supplemental Nutrition Assistance Program (SNAP) benefits.
Q: Why is this trend relevant for users or analysts?
A: SNAP enrollment data is closely monitored by policymakers and economists to assess food security and the effectiveness of social safety net programs in local communities.
Q: How is this data collected or calculated?
A: This data is collected and reported by the U.S. Census Bureau through its annual Small Area Income and Poverty Estimates (SAIPE) program.
Q: How is this trend used in economic policy?
A: SNAP enrollment data is used by government agencies, nonprofits, and researchers to evaluate the socioeconomic conditions and need for food assistance in local communities.
Q: Are there update delays or limitations?
A: The SAIPE program produces annual estimates, so there may be a 1-year delay in the most recent data.
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Citation
U.S. Federal Reserve, SNAP Benefits Recipients in Chester County, SC (CBR45023SCA647NCEN), retrieved from FRED.