SNAP Benefits Recipients in Lake County, MI
CBR26085MIA647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,650.00
Year-over-Year Change
-19.60%
Date Range
1/1/1989 - 1/1/2022
Summary
This economic trend measures the number of Supplemental Nutrition Assistance Program (SNAP) benefit recipients in Lake County, Michigan. It is an important indicator of food insecurity and economic hardship in the local 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 SNAP Benefits Recipients in Lake County, MI trend tracks the number of individuals and households receiving federal food assistance benefits in this Michigan county. This data point is used by policymakers, researchers, and social service providers to understand the prevalence of poverty and need for social support programs in the region.
Methodology
The data is collected by the U.S. Census Bureau through household surveys and administrative records.
Historical Context
Trends in SNAP participation help inform decisions around public assistance, food security, and economic development policies.
Key Facts
- SNAP provides food benefits to low-income individuals and families.
- Lake County, MI has a population of around 11,500 people.
- SNAP participation rates can indicate economic hardship in a local area.
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, Michigan.
Q: Why is this trend relevant for users or analysts?
A: Tracking SNAP participation helps policymakers, researchers, and social service providers understand the prevalence of poverty and need for food assistance in the local area.
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: Trends in SNAP participation inform decisions around public assistance, food security, and economic development policies.
Q: Are there update delays or limitations?
A: There may be periodic delays in data reporting and updates from the Census Bureau.
Related Trends
SNAP Benefits Recipients in Williamsburg city, VA
CBR51830VAA647NCEN
SNAP Benefits Recipients in Hale County, AL
CBR01065ALA647NCEN
SNAP Benefits Recipients in Lebanon County, PA
CBR42075PAA647NCEN
SNAP Benefits Recipients in Obion County, TN
CBR47131TNA647NCEN
SNAP Benefits Recipients in Floyd County, TX
CBR48153TXA647NCEN
SNAP Benefits Recipients in Hardy County, WV
CBR54031WVA647NCEN
Citation
U.S. Federal Reserve, SNAP Benefits Recipients in Lake County, MI (CBR26085MIA647NCEN), retrieved from FRED.