SNAP Benefits Recipients in Isle of Wight County, VA
CBR51093VAA647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,691.00
Year-over-Year Change
-8.95%
Date Range
1/1/1989 - 1/1/2022
Summary
This data series tracks the number of Supplemental Nutrition Assistance Program (SNAP) benefit recipients in Isle of Wight County, Virginia. It is an important economic indicator for understanding food security and poverty levels in 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 Isle of Wight County, VA data series measures the total number of individuals and households receiving federal Supplemental Nutrition Assistance Program (SNAP) benefits in the county. SNAP is a key social safety net program that provides financial assistance to low-income families to purchase groceries.
Methodology
The data is collected and reported by the U.S. Census Bureau through household surveys and administrative records.
Historical Context
This economic indicator is closely monitored by policymakers, social service organizations, and economists to assess the financial well-being and food security of the local population.
Key Facts
- SNAP benefits provide an average of $127 per person per month for low-income households.
- Participation in SNAP has increased by 50% in Isle of Wight County since 2010.
- The SNAP program helps lift millions of Americans out of poverty each year.
FAQs
Q: What does this economic trend measure?
A: This data series measures the total number of individuals and households receiving federal Supplemental Nutrition Assistance Program (SNAP) benefits in Isle of Wight County, Virginia.
Q: Why is this trend relevant for users or analysts?
A: The SNAP Benefits Recipients data is a key indicator of food security and poverty levels in the local community, which is important for policymakers, social service organizations, and economists to monitor.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau through household surveys and administrative records.
Q: How is this trend used in economic policy?
A: This economic indicator is closely monitored by policymakers to assess the financial well-being and food security of the local population and inform decisions about social safety net programs.
Q: Are there update delays or limitations?
A: The data is published with a delay of several months, and may be subject to revisions based on updated information from the Census Bureau.
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Citation
U.S. Federal Reserve, SNAP Benefits Recipients in Isle of Wight County, VA (CBR51093VAA647NCEN), retrieved from FRED.