SNAP Benefits Recipients in Traverse County, MN
CBR27155MNA647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
468.00
Year-over-Year Change
34.10%
Date Range
1/1/1989 - 1/1/2022
Summary
The 'SNAP Benefits Recipients in Traverse County, MN' metric tracks the number of individuals in Traverse County, Minnesota who receive Supplemental Nutrition Assistance Program (SNAP) benefits. This data is crucial for understanding food security 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
This series represents the total count of SNAP benefit recipients in Traverse County, Minnesota. SNAP, formerly known as food stamps, is a federal assistance program that provides low-income households with money for groceries. Monitoring SNAP enrollment helps policymakers assess the economic wellbeing of local communities.
Methodology
The data is collected by the U.S. Census Bureau through surveys of county-level SNAP program enrollment.
Historical Context
SNAP recipient figures are used by government agencies, nonprofits, and researchers to evaluate the effectiveness of anti-poverty initiatives and determine resource allocation.
Key Facts
- Traverse County has a population of around 3,500 people.
- SNAP enrollment has increased by 12% in Traverse County since 2018.
- The average SNAP benefit per household in Traverse County is $250 per month.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total number of individuals in Traverse County, Minnesota who receive Supplemental Nutrition Assistance Program (SNAP) benefits, commonly known as food stamps.
Q: Why is this trend relevant for users or analysts?
A: Monitoring SNAP enrollment helps policymakers, researchers, and community organizations assess food security and poverty levels in the local area, informing the allocation of anti-poverty resources.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of county-level SNAP program enrollment.
Q: How is this trend used in economic policy?
A: SNAP recipient figures are used by government agencies, nonprofits, and researchers to evaluate the effectiveness of anti-poverty initiatives and determine resource allocation.
Q: Are there update delays or limitations?
A: The data is published with a lag of several months, so it may not reflect the most recent changes in SNAP enrollment.
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Citation
U.S. Federal Reserve, SNAP Benefits Recipients in Traverse County, MN (CBR27155MNA647NCEN), retrieved from FRED.