Estimate of People Under Age 5 in Poverty for Connecticut
PE0T4CT09000A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
23,212.00
Year-over-Year Change
-31.26%
Date Range
1/1/1989 - 1/1/2023
Summary
This economic trend measures the estimated number of people under age 5 living in poverty in the state of Connecticut. It provides insights into child poverty levels that are crucial for policymakers and social service providers.
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 Estimate of People Under Age 5 in Poverty for Connecticut tracks the number of children below the federal poverty line in the state. This data is used to assess the well-being of vulnerable populations and guide the allocation of resources for early childhood programs and services.
Methodology
The data is collected through the U.S. Census Bureau's American Community Survey.
Historical Context
This trend informs policies and budgets related to childhood poverty, healthcare, and education.
Key Facts
- Connecticut's child poverty rate was 12.4% in 2020.
- The number of children under 5 in poverty in Connecticut has decreased by 10% since 2015.
- Child poverty is linked to poorer health, education, and economic outcomes.
FAQs
Q: What does this economic trend measure?
A: This trend measures the estimated number of people under age 5 living in poverty in the state of Connecticut.
Q: Why is this trend relevant for users or analysts?
A: This trend provides crucial insights into child poverty levels in Connecticut, which informs policies and programs aimed at supporting vulnerable families and promoting early childhood development.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Census Bureau's American Community Survey.
Q: How is this trend used in economic policy?
A: This trend informs policies and budgets related to childhood poverty, healthcare, and education in Connecticut.
Q: Are there update delays or limitations?
A: The data is typically released with a 1-2 year lag, and may be subject to sampling error and other limitations associated with survey data.
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Citation
U.S. Federal Reserve, Estimate of People Under Age 5 in Poverty for Connecticut (PE0T4CT09000A647NCEN), retrieved from FRED.