Estimate of People Under Age 5 in Poverty for North Carolina
PE0T4NC37000A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
108,394.00
Year-over-Year Change
-41.38%
Date Range
1/1/1989 - 1/1/2023
Summary
This economic trend estimates the number of people under age 5 living in poverty in North Carolina. It provides important data on child poverty levels, which is a key indicator of economic inequality and well-being.
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 North Carolina tracks the number of children under 5 years old living below the federal poverty line in the state. This metric is widely used by policymakers, researchers, and social service providers to understand the scope of child poverty and target interventions.
Methodology
The data is collected through the U.S. Census Bureau's American Community Survey.
Historical Context
This trend offers crucial insights for state and local governments as they develop policies and programs to support low-income families and promote economic mobility.
Key Facts
- North Carolina had an estimated 235,000 children under 5 living in poverty in 2021.
- The child poverty rate in North Carolina was 23.3% in 2021, higher than the national average.
- Reducing child poverty is a key priority for policymakers in North Carolina.
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 North Carolina.
Q: Why is this trend relevant for users or analysts?
A: This trend provides crucial data on child poverty levels, which is an important indicator of economic inequality and well-being that informs policy decisions.
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 offers insights that help state and local governments develop policies and programs to support low-income families and promote economic mobility.
Q: Are there update delays or limitations?
A: The data is subject to the publication schedule and methodological constraints of the American Community Survey.
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Citation
U.S. Federal Reserve, Estimate of People Under Age 5 in Poverty for North Carolina (PE0T4NC37000A647NCEN), retrieved from FRED.