SNAP Benefits Recipients in Richmond city, VA
CBR51760VAA647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
39,112.00
Year-over-Year Change
-19.90%
Date Range
1/1/1989 - 1/1/2022
Summary
This economic trend measures the number of individuals receiving Supplemental Nutrition Assistance Program (SNAP) benefits in Richmond city, Virginia. It provides important insights into food security and poverty levels 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 Richmond city, VA indicator tracks the total number of people enrolled in the federal SNAP program within the city's boundaries. SNAP is a crucial social safety net that helps low-income households afford nutritious food.
Methodology
The data is collected by the U.S. Census Bureau through surveys and administrative records.
Historical Context
This metric is used by policymakers, anti-poverty organizations, and economists to assess the economic well-being of Richmond's population.
Key Facts
- SNAP helped feed over 41 million Americans in 2021.
- The SNAP participation rate in Richmond city was 18.3% in 2020.
- SNAP benefits averaged $121 per person per month in 2021.
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 Richmond city, Virginia.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into food security and poverty levels within the Richmond community, which is crucial information for policymakers, social service providers, and economic analysts.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys and administrative records.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, anti-poverty organizations, and economists to assess the economic well-being of Richmond's population and inform decisions about social welfare programs and initiatives.
Q: Are there update delays or limitations?
A: The data may be subject to occasional reporting delays, and the metric only reflects SNAP enrollment within the city of Richmond, not the broader metropolitan area.
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Citation
U.S. Federal Reserve, SNAP Benefits Recipients in Richmond city, VA (CBR51760VAA647NCEN), retrieved from FRED.