SNAP Benefits Recipients in Clay County, KY
CBR21051KYA647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6,229.00
Year-over-Year Change
-34.36%
Date Range
1/1/1989 - 1/1/2022
Summary
The 'SNAP Benefits Recipients in Clay County, KY' trend measures the number of individuals receiving Supplemental Nutrition Assistance Program (SNAP) benefits in Clay County, Kentucky. This metric is important for understanding food insecurity and the impact of social safety net programs 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 series tracks the total number of SNAP recipients, formerly known as food stamps, in Clay County, Kentucky. SNAP is a federal program that provides nutrition assistance to low-income individuals and families. Monitoring SNAP participation can offer insights into economic conditions and the effectiveness of anti-poverty initiatives in the local area.
Methodology
The data is collected by the U.S. Census Bureau through surveys and administrative records.
Historical Context
SNAP utilization is a key indicator used by policymakers and analysts to assess the need for and impact of food assistance programs.
Key Facts
- Clay County, KY has a population of around 21,000 people.
- SNAP participation rate in Clay County is above the national average.
- SNAP benefits provide crucial support for low-income families in the region.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of individuals receiving Supplemental Nutrition Assistance Program (SNAP) benefits, formerly known as food stamps, in Clay County, Kentucky.
Q: Why is this trend relevant for users or analysts?
A: Monitoring SNAP participation can offer insights into economic conditions and the effectiveness of anti-poverty initiatives in the local area.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys and administrative records.
Q: How is this trend used in economic policy?
A: SNAP utilization is a key indicator used by policymakers and analysts to assess the need for and impact of food assistance programs.
Q: Are there update delays or limitations?
A: The data may have some delays in reporting due to the nature of survey-based collection.
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Citation
U.S. Federal Reserve, SNAP Benefits Recipients in Clay County, KY (CBR21051KYA647NCEN), retrieved from FRED.