SNAP Benefits Recipients in Allegany County, MD
CBR24001MDA647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
15,523.00
Year-over-Year Change
16.17%
Date Range
1/1/1989 - 1/1/2022
Summary
This economic trend measures the number of Supplemental Nutrition Assistance Program (SNAP) recipients in Allegany County, Maryland. It provides crucial insights into food security and economic well-being 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 Allegany County, MD metric tracks the total number of individuals receiving federal SNAP benefits within this Maryland county. This data point is used by policymakers and researchers to assess the state of food insecurity and socioeconomic conditions in the region.
Methodology
The data is collected through the U.S. Census Bureau's annual Small Area Income and Poverty Estimates (SAIPE) program.
Historical Context
SNAP participation data helps inform policy decisions and social service programs targeted at improving food access and reducing poverty.
Key Facts
- Allegany County is located in western Maryland.
- SNAP is a federal food assistance program for low-income individuals and families.
- SNAP participation data is a key indicator of economic hardship in local communities.
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 Allegany County, Maryland.
Q: Why is this trend relevant for users or analysts?
A: SNAP participation data provides crucial insights into food security and economic well-being at the local level, informing policy decisions and social service programs.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Census Bureau's annual Small Area Income and Poverty Estimates (SAIPE) program.
Q: How is this trend used in economic policy?
A: SNAP participation data helps policymakers and researchers assess the state of food insecurity and socioeconomic conditions, informing policies and programs aimed at improving food access and reducing poverty.
Q: Are there update delays or limitations?
A: The SNAP data is published annually, with some delay in availability due to the Census Bureau's data collection and processing timeline.
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Citation
U.S. Federal Reserve, SNAP Benefits Recipients in Allegany County, MD (CBR24001MDA647NCEN), retrieved from FRED.