Estimate of People Under Age 5 in Poverty for Maryland
PE0T4MD24000A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
43,897.00
Year-over-Year Change
-23.16%
Date Range
1/1/1989 - 1/1/2023
Summary
The Estimate of People Under Age 5 in Poverty for Maryland tracks the percentage of children under 5 living below the federal poverty line in the state.
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 economic indicator provides insight into child poverty levels in Maryland, which is an important measure of economic hardship and social welfare. Policymakers and researchers use this data to analyze trends and evaluate the effectiveness of poverty reduction programs.
Methodology
The data is collected through the U.S. Census Bureau's American Community Survey.
Historical Context
Trends in child poverty inform policies related to public assistance, early childhood education, and family support services.
Key Facts
- Maryland's child poverty rate was 14.6% in 2021.
- Child poverty disproportionately affects minority communities in Maryland.
- Investments in early childhood programs can help reduce poverty among young children.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of children under age 5 living below the federal poverty line in the state of Maryland.
Q: Why is this trend relevant for users or analysts?
A: Child poverty is an important indicator of economic hardship and social welfare, and this data helps policymakers and researchers evaluate the effectiveness of poverty reduction 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: Trends in child poverty inform policies related to public assistance, early childhood education, and family support services.
Q: Are there update delays or limitations?
A: The data is typically released with a 1-2 year time lag due to the nature of the Census survey.
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Citation
U.S. Federal Reserve, Estimate of People Under Age 5 in Poverty for Maryland (PE0T4MD24000A647NCEN), retrieved from FRED.