Federal grants-in-aid to state and local governments: Income security: Welfare and social services
G170731A027NBEA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
112.77
Year-over-Year Change
43.63%
Date Range
1/1/1959 - 1/1/2023
Summary
This trend measures federal grants-in-aid to state and local governments for income security, specifically welfare and social services. It provides insight into the government's role in funding social safety net programs.
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 Federal grants-in-aid to state and local governments: Income security: Welfare and social services trend tracks the amount of federal funding provided to state and local governments for social welfare programs. This data is used by economists and policymakers to analyze the government's involvement in and commitment to providing income security and social services.
Methodology
The data is collected and published by the U.S. Bureau of Economic Analysis.
Historical Context
This trend is relevant for understanding the fiscal policies and priorities of the federal government.
Key Facts
- Federal grants for income security and welfare have increased over time.
- These grants account for a significant portion of state and local government budgets.
- The trend reflects the government's commitment to supporting social safety net programs.
FAQs
Q: What does this economic trend measure?
A: This trend measures the amount of federal grants-in-aid provided to state and local governments for income security and welfare programs, such as Medicaid, Temporary Assistance for Needy Families (TANF), and other social services.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the federal government's role in funding and supporting state and local social welfare programs, which is crucial for understanding the government's priorities and the resources available for providing a social safety net.
Q: How is this data collected or calculated?
A: The data is collected and published by the U.S. Bureau of Economic Analysis as part of the National Income and Product Accounts.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to analyze the government's fiscal policies and commitment to social welfare programs, which can inform decisions about funding, program eligibility, and the overall structure of the social safety net.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Federal grants-in-aid to state and local governments: Income security: Welfare and social services (G170731A027NBEA), retrieved from FRED.