SNAP Benefits Recipients in Montgomery County, KY
CBR21173KYA647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,022.00
Year-over-Year Change
-29.66%
Date Range
1/1/1989 - 1/1/2022
Summary
This economic trend tracks the number of Supplemental Nutrition Assistance Program (SNAP) recipients in Montgomery County, Kentucky. It provides important insights into food insecurity and poverty levels within the local community.
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 Montgomery County, KY trend monitors the total number of individuals and households receiving federal SNAP food assistance benefits in this specific county. This data is used by policymakers, social service providers, and economists to assess the prevalence of food-related hardship and guide policy decisions.
Methodology
The data is collected and reported by the U.S. Census Bureau through its annual County-Based Datasets.
Historical Context
This trend is relevant for understanding social and economic conditions in Montgomery County and informing targeted programs and interventions.
Key Facts
- Montgomery County, KY has a population of around 28,000 people.
- In 2021, over 6,000 residents received SNAP benefits in the county.
- SNAP participation rates can indicate the level of economic hardship in a local area.
FAQs
Q: What does this economic trend measure?
A: This trend tracks the number of individuals and households receiving Supplemental Nutrition Assistance Program (SNAP) benefits in Montgomery County, Kentucky.
Q: Why is this trend relevant for users or analysts?
A: The SNAP Benefits Recipients trend provides important insights into food insecurity and poverty levels within the local Montgomery County community, which is useful for policymakers, social service providers, and economists.
Q: How is this data collected or calculated?
A: The data is collected and reported annually by the U.S. Census Bureau through its County-Based Datasets.
Q: How is this trend used in economic policy?
A: This trend is relevant for understanding social and economic conditions in Montgomery County and informing targeted programs and interventions to address food insecurity and poverty in the local area.
Q: Are there update delays or limitations?
A: The SNAP Benefits data for Montgomery County is reported annually, so there may be a delay of up to one year in the most recent figures.
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Citation
U.S. Federal Reserve, SNAP Benefits Recipients in Montgomery County, KY (CBR21173KYA647NCEN), retrieved from FRED.