SNAP Benefits Recipients in Fayette County, WV
CBR54019WVA647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8,425.00
Year-over-Year Change
-17.13%
Date Range
1/1/1989 - 1/1/2022
Summary
This trend measures the number of individuals receiving Supplemental Nutrition Assistance Program (SNAP) benefits in Fayette County, West Virginia. It provides insights into the economic well-being and food security of the local population.
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 Fayette County, WV trend tracks the number of people receiving federal nutrition assistance in this specific county. This data is used by policymakers, researchers, and local organizations to understand the prevalence of food insecurity and guide the allocation of social services.
Methodology
The data is collected and reported by the U.S. Census Bureau through its annual Small Area Income and Poverty Estimates (SAIPE) program.
Historical Context
Monitoring SNAP participation rates helps inform decisions about social welfare programs and policies at the local and state levels.
Key Facts
- Fayette County has a population of approximately 44,000 people.
- In 2020, the SNAP benefits recipients in Fayette County numbered around 10,000 individuals.
- SNAP participation rates can fluctuate based on changes in local employment, cost of living, and eligibility criteria.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of individuals receiving Supplemental Nutrition Assistance Program (SNAP) benefits in Fayette County, West Virginia.
Q: Why is this trend relevant for users or analysts?
A: Tracking SNAP participation rates provides insights into the economic well-being and food security of the local population, which is crucial for policymakers and social service providers.
Q: How is this data collected or calculated?
A: The 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: Monitoring SNAP participation rates helps inform decisions about social welfare programs and policies at the local and state levels, supporting efforts to address food insecurity and economic challenges.
Q: Are there update delays or limitations?
A: The SNAP benefits data is released annually, so there may be a delay in accessing the most recent information.
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Citation
U.S. Federal Reserve, SNAP Benefits Recipients in Fayette County, WV (CBR54019WVA647NCEN), retrieved from FRED.