SNAP Benefits Recipients in Lake County, SD
CBR46079SDA647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
494.00
Year-over-Year Change
-42.15%
Date Range
1/1/1989 - 1/1/2022
Summary
This economic trend measures the number of Supplemental Nutrition Assistance Program (SNAP) recipients in Lake County, South Dakota. It is an important indicator of the local economic conditions and social welfare needs.
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 Lake County, SD metric tracks the number of individuals and households receiving federal SNAP food assistance benefits in this specific county. This data provides insights into poverty, food insecurity, and the efficacy of social programs in the local area.
Methodology
The data is collected by the U.S. Census Bureau through surveys and administrative records.
Historical Context
This trend is used by policymakers, social service providers, and economists to understand regional economic disparities and allocate resources accordingly.
Key Facts
- SNAP provides food benefits to low-income individuals and families.
- Lake County, SD has a population of approximately 12,000 people.
- SNAP participation rates can indicate the economic well-being of a community.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of individuals and households receiving Supplemental Nutrition Assistance Program (SNAP) benefits in Lake County, South Dakota.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the level of food insecurity and poverty in the local area, which is important for policymakers, social service providers, and economists to understand and address regional economic disparities.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys and administrative records.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, social service providers, and economists to allocate resources and design programs to support low-income individuals and families in the local community.
Q: Are there update delays or limitations?
A: The data may be subject to periodic updates and can vary in timeliness depending on the data collection and reporting processes.
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Citation
U.S. Federal Reserve, SNAP Benefits Recipients in Lake County, SD (CBR46079SDA647NCEN), retrieved from FRED.