SNAP Benefits Recipients in Wood County, WV
CBR54107WVA647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
14,748.00
Year-over-Year Change
-18.69%
Date Range
1/1/1989 - 1/1/2022
Summary
The 'SNAP Benefits Recipients in Wood County, WV' series measures the number of individuals in Wood County, West Virginia who receive Supplemental Nutrition Assistance Program (SNAP) benefits. This trend provides insight into food insecurity levels and economic conditions within the county.
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 tracks the total number of SNAP beneficiaries in Wood County, West Virginia. SNAP, formerly known as food stamps, is a federal assistance program that provides low-income households with financial support to purchase groceries. The SNAP recipients data is a key indicator of economic hardship and food access in the local area.
Methodology
The data is collected and published by the U.S. Census Bureau through the Small Area Income and Poverty Estimates (SAIPE) program.
Historical Context
Policymakers and researchers use this SNAP data to evaluate the effectiveness of anti-poverty initiatives and monitor changes in regional economic wellbeing.
Key Facts
- Wood County is located in west central West Virginia.
- The SNAP program serves over 40 million Americans nationwide.
- SNAP benefits average around $127 per person per month.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of individuals in Wood County, West Virginia who receive Supplemental Nutrition Assistance Program (SNAP) benefits, formerly known as food stamps.
Q: Why is this trend relevant for users or analysts?
A: The SNAP recipients data provides insight into food insecurity and economic hardship within the local area, which is valuable information for policymakers, researchers, and social service providers.
Q: How is this data collected or calculated?
A: The data is collected and published by the U.S. Census Bureau through the Small Area Income and Poverty Estimates (SAIPE) program.
Q: How is this trend used in economic policy?
A: Policymakers and researchers use this SNAP data to evaluate the effectiveness of anti-poverty initiatives and monitor changes in regional economic wellbeing.
Q: Are there update delays or limitations?
A: The SNAP data is published annually with a 1-2 year lag, so it may not reflect the most recent economic conditions.
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Citation
U.S. Federal Reserve, SNAP Benefits Recipients in Wood County, WV (CBR54107WVA647NCEN), retrieved from FRED.