Estimate of People Under Age 5 in Poverty for Louisiana
PE0T4LA22000A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
73,608.00
Year-over-Year Change
-26.70%
Date Range
1/1/1989 - 1/1/2023
Summary
The Estimate of People Under Age 5 in Poverty for Louisiana measures the share of children under 5 living in poverty within the state. This metric is critical for understanding early childhood poverty and guiding policy interventions.
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 data series estimates the number and percentage of Louisianans under 5 years old living in households with incomes below the federal poverty line. It provides insight into economic hardship facing young children, which can have long-term impacts on health, education, and social mobility.
Methodology
The data is collected through the U.S. Census Bureau's American Community Survey.
Historical Context
Policymakers and stakeholders use this metric to inform social welfare programs, early childhood education initiatives, and strategies for reducing child poverty.
Key Facts
- In 2021, the child poverty rate in Louisiana was 26.7%.
- Louisiana has one of the highest child poverty rates in the United States.
- Poverty disproportionately affects young children in Louisiana.
FAQs
Q: What does this economic trend measure?
A: This data series estimates the number and percentage of Louisianans under 5 years old living in households with incomes below the federal poverty line.
Q: Why is this trend relevant for users or analysts?
A: This metric provides critical insight into early childhood poverty, which can have long-term impacts on health, education, and social mobility. It helps guide policy interventions and social welfare programs.
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: Policymakers and stakeholders use this metric to inform social welfare programs, early childhood education initiatives, and strategies for reducing child poverty.
Q: Are there update delays or limitations?
A: The data is published annually, with a delay of approximately one year.
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Citation
U.S. Census Bureau, Estimate of People Under Age 5 in Poverty for Louisiana (PE0T4LA22000A647NCEN), retrieved from FRED.