SNAP Benefits Recipients in Petersburg city, VA
CBR51730VAA647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
11,325.00
Year-over-Year Change
9.03%
Date Range
1/1/1989 - 1/1/2022
Summary
This trend measures the number of Supplemental Nutrition Assistance Program (SNAP) recipients in Petersburg city, Virginia. It provides important insights into local food assistance program utilization and economic conditions.
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 Petersburg city, VA metric tracks the total number of individuals participating in the federal Supplemental Nutrition Assistance Program within this specific geographic area. This data point is a key indicator of social welfare and local economic well-being.
Methodology
The data is collected through census surveys and administrative records from the U.S. Department of Agriculture.
Historical Context
This trend is closely monitored by policymakers, social service providers, and economic analysts to understand trends in food insecurity and the effectiveness of anti-poverty initiatives.
Key Facts
- SNAP is the largest federal food assistance program in the U.S.
- Petersburg city has a poverty rate over 25%, higher than the national average.
- SNAP recipients receive an average of $126 per month in benefits.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of individuals participating in the federal Supplemental Nutrition Assistance Program (SNAP) within Petersburg city, Virginia.
Q: Why is this trend relevant for users or analysts?
A: This data point provides important insights into food insecurity, social welfare program utilization, and local economic conditions within the Petersburg community.
Q: How is this data collected or calculated?
A: The data is collected through census surveys and administrative records from the U.S. Department of Agriculture.
Q: How is this trend used in economic policy?
A: Policymakers, social service providers, and economic analysts closely monitor this trend to understand trends in food insecurity and the effectiveness of anti-poverty initiatives.
Q: Are there update delays or limitations?
A: The data is published with a lag, and may not capture the most recent changes in SNAP enrollment within Petersburg city.
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Citation
U.S. Federal Reserve, SNAP Benefits Recipients in Petersburg city, VA (CBR51730VAA647NCEN), retrieved from FRED.