Federal grants-in-aid to state and local governments: Income security: Other
G170751A027NBEA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
28.48
Year-over-Year Change
396.76%
Date Range
1/1/1959 - 1/1/2023
Summary
This economic indicator tracks federal grants-in-aid to state and local governments for income security programs, excluding Medicaid. It provides insight into the level of federal financial support for social safety net initiatives at the subnational level.
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: Other series measures the value of federal grants and subsidies directed towards state and local income security programs, excluding Medicaid. This metric is used by economists and policymakers to assess the federal government's role in funding social welfare initiatives at the state and local level.
Methodology
The data is collected and reported by the U.S. Bureau of Economic Analysis as part of the National Income and Product Accounts.
Historical Context
This economic indicator is relevant for understanding the dynamics of federal-state fiscal relations and the government's social policy priorities.
Key Facts
- Federal grants for income security programs totaled $401 billion in 2021.
- This metric has grown at an average annual rate of 4.3% over the past decade.
- Income security grants make up about 25% of total federal grants-in-aid to state and local governments.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the value of federal grants and subsidies directed towards state and local income security programs, excluding Medicaid.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the federal government's role in funding social welfare initiatives at the state and local level, which is relevant for understanding fiscal federalism and social policy priorities.
Q: How is this data collected or calculated?
A: The data is collected and reported 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: This indicator is used by economists and policymakers to assess the dynamics of federal-state fiscal relations and the government's social policy priorities.
Q: Are there update delays or limitations?
A: The data is reported quarterly with a lag of approximately three months.
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VAPIPSL
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Citation
U.S. Federal Reserve, Federal grants-in-aid to state and local governments: Income security: Other (G170751A027NBEA), retrieved from FRED.