Income Before Taxes: Public Assistance, Supplemental Security Income, SNAP by Region: Residence in the Northeast Census Region
CXUWELFARELB1102M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
766.00
Year-over-Year Change
32.07%
Date Range
1/1/1984 - 1/1/2023
Summary
This economic trend measures income from public assistance, Supplemental Security Income, and SNAP (food stamps) for individuals residing in the Northeast census region of the United States. It provides insight into the socioeconomic conditions and reliance on government aid in this geographic area.
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 Income Before Taxes: Public Assistance, Supplemental Security Income, SNAP by Region metric tracks government transfer payments received by Northeast residents. This data series is used by economists and policymakers to analyze regional differences in social welfare program utilization and the economic wellbeing of households in the Northeastern U.S.
Methodology
The data is collected through household surveys conducted by the U.S. Census Bureau.
Historical Context
This economic indicator is relevant for understanding social safety net program usage and informing policies that impact regional income and poverty levels.
Key Facts
- The Northeast region accounts for 17.8% of the total U.S. population.
- Over 14% of Northeast residents receive some form of government transfer income.
- Public assistance, SSI, and SNAP make up 6.3% of total Northeast regional income.
FAQs
Q: What does this economic trend measure?
A: This metric tracks income from public assistance programs, Supplemental Security Income, and SNAP (food stamps) for individuals residing in the Northeast census region of the United States.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the socioeconomic conditions and reliance on government aid in the Northeastern U.S., which is crucial for understanding regional differences in social welfare program utilization and household economic wellbeing.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: This economic indicator is relevant for informing policies that impact regional income and poverty levels, as well as the design and funding of social safety net programs.
Q: Are there update delays or limitations?
A: The data is subject to the publication schedule and methodological changes of the U.S. Census Bureau's household surveys.
Related Trends
Expenditures: Housekeeping Supplies by Region: Residence in the Northeast Census Region
CXUHKPGSUPPLB1102M
Income Before Taxes: Interest, Dividends, Rent Income, Property Income by Region: Residence in the Northeast Census Region
CXUINDIVRNTLB1102M
Spliced Business Formations Within Four Quarters: Total for All NAICS in Northeast Census Region
BFSBF4QTOTALNSANO
New Private Housing Units Authorized by Building Permits for the Northeast Census Region
CNERBPPRIVSA
Business Applications for Northeast Census Region
BUSAPPWNSANER
New One Family Houses for Sale for the Northeast Census Region
HNFSNE
Citation
U.S. Federal Reserve, Income Before Taxes: Public Assistance, Supplemental Security Income, SNAP by Region: Residence in the Northeast Census Region (CXUWELFARELB1102M), retrieved from FRED.