Estimate of People Under Age 5 in Poverty for Montana
PE0T4MT30000A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7,769.00
Year-over-Year Change
-47.16%
Date Range
1/1/1989 - 1/1/2023
Summary
This series tracks the estimated number of people under age 5 living in poverty in the state of Montana. It is an important indicator for understanding the economic well-being of Montana's youngest residents.
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 Montana measures the number of children under 5 years old whose family income falls below the federal poverty threshold in the state. This data is used by policymakers and social service providers to evaluate the need for anti-poverty programs and other child welfare initiatives.
Methodology
The U.S. Census Bureau collects this data through household surveys and calculates poverty estimates based on family size and income.
Historical Context
Trends in child poverty rates are closely monitored by government agencies, nonprofits, and academic researchers to inform social policies and allocate resources.
Key Facts
- Montana's child poverty rate is higher than the national average.
- Poverty disproportionately affects young children in rural areas.
- Reducing child poverty is a key priority for policymakers in Montana.
FAQs
Q: What does this economic trend measure?
A: This trend measures the estimated number of children under 5 years old living in poverty in the state of Montana.
Q: Why is this trend relevant for users or analysts?
A: Trends in child poverty are an important indicator of economic and social well-being, and help inform policymaking and resource allocation for programs serving low-income families with young children.
Q: How is this data collected or calculated?
A: The U.S. Census Bureau collects this data through household surveys and calculates poverty estimates based on family size and income.
Q: How is this trend used in economic policy?
A: Government agencies, nonprofits, and researchers closely monitor child poverty rates to inform social policies and allocate resources for programs that support low-income families with young children.
Q: Are there update delays or limitations?
A: This data is published annually with a lag, and may not fully capture sudden changes in economic conditions.
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Citation
U.S. Federal Reserve, Estimate of People Under Age 5 in Poverty for Montana (PE0T4MT30000A647NCEN), retrieved from FRED.