SNAP Benefits Recipients in Wolfe County, KY
CBR21237KYA647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,976.00
Year-over-Year Change
-36.48%
Date Range
1/1/1989 - 1/1/2022
Summary
This economic trend tracks the number of individuals receiving Supplemental Nutrition Assistance Program (SNAP) benefits in Wolfe County, Kentucky. It provides insight into food insecurity and poverty levels 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
The SNAP Benefits Recipients in Wolfe County, KY metric represents the total count of individuals receiving federal SNAP benefits within this rural Kentucky county. SNAP is a crucial social safety net program that helps low-income households afford groceries and meet their nutritional needs.
Methodology
The data is collected and reported by the U.S. Census Bureau as part of its annual small-area income and poverty estimates.
Historical Context
Analyzing SNAP participation can inform policymakers and social service providers about economic conditions and the need for food assistance in Wolfe County.
Key Facts
- Wolfe County has one of the highest SNAP participation rates in Kentucky.
- SNAP benefits provide $1.54 in economic activity for every $1 spent.
- The COVID-19 pandemic increased SNAP enrollment nationwide.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of individuals receiving Supplemental Nutrition Assistance Program (SNAP) benefits in Wolfe County, Kentucky.
Q: Why is this trend relevant for users or analysts?
A: Tracking SNAP participation provides insight into food insecurity and poverty levels in the region, which is crucial information for policymakers and social service providers.
Q: How is this data collected or calculated?
A: The data is collected and reported annually by the U.S. Census Bureau as part of its small-area income and poverty estimates.
Q: How is this trend used in economic policy?
A: Analysis of SNAP enrollment can inform decisions about funding and administration of this important social safety net program in Wolfe County and similar rural areas.
Q: Are there update delays or limitations?
A: The SNAP benefits data is released annually with a short delay, and may not capture rapid changes in economic conditions or program enrollment.
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Citation
U.S. Census Bureau, SNAP Benefits Recipients in Wolfe County, KY (CBR21237KYA647NCEN), retrieved from FRED.