SNAP Benefits Recipients in Grand Traverse County, MI
CBR26055MIA647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6,151.00
Year-over-Year Change
-51.94%
Date Range
1/1/1989 - 1/1/2022
Summary
The 'SNAP Benefits Recipients in Grand Traverse County, MI' trend measures the number of individuals in Grand Traverse County, Michigan who receive Supplemental Nutrition Assistance Program (SNAP) benefits. This metric is important for understanding food insecurity and the socioeconomic conditions in the region.
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
This data series tracks the total number of SNAP recipients, formerly known as food stamps, in Grand Traverse County, Michigan. SNAP is a federal program that provides nutritional assistance to low-income individuals and families. The SNAP recipient count is a key indicator of local economic hardship and the need for food aid in the community.
Methodology
The data is collected by the U.S. Census Bureau through household surveys and administrative records.
Historical Context
SNAP participation rates are monitored by policymakers, social service providers, and economic analysts to assess the effectiveness of food assistance programs and identify areas of heightened need.
Key Facts
- SNAP provides food benefits to over 40 million Americans.
- Grand Traverse County has a population of approximately 92,000.
- SNAP participation rates can fluctuate with changes in unemployment and cost of living.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of individuals in Grand Traverse County, Michigan who receive Supplemental Nutrition Assistance Program (SNAP) benefits, formerly known as food stamps.
Q: Why is this trend relevant for users or analysts?
A: The SNAP recipient count is an important indicator of food insecurity and economic hardship within the local community, which is useful for policymakers, social service providers, and economic analysts.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through household surveys and administrative records.
Q: How is this trend used in economic policy?
A: SNAP participation rates are monitored by policymakers to assess the effectiveness of food assistance programs and identify areas of heightened need.
Q: Are there update delays or limitations?
A: There may be delays in data reporting and potential limitations in coverage or sampling, as with any survey-based economic indicator.
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Citation
U.S. Federal Reserve, SNAP Benefits Recipients in Grand Traverse County, MI (CBR26055MIA647NCEN), retrieved from FRED.