Estimate of People Under Age 5 in Poverty for Ohio
PE0T4OH39000A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
119,373.00
Year-over-Year Change
-41.81%
Date Range
1/1/1989 - 1/1/2023
Summary
This economic indicator tracks the estimated number of people under age 5 living in poverty in the state of Ohio. It provides important insights into child poverty levels and economic hardship within 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
The Estimate of People Under Age 5 in Poverty for Ohio measures the total number of children under 5 years old whose family income falls below the federal poverty line. This metric is a key indicator of economic well-being and opportunity for young children in the state.
Methodology
The data is collected through the U.S. Census Bureau's annual American Community Survey.
Historical Context
This trend is closely monitored by policymakers and researchers to assess the impacts of economic conditions and social programs on child poverty.
Key Facts
- Ohio's child poverty rate was 18.6% in 2021.
- The number of children under 5 in poverty in Ohio has decreased since 2010.
- Child poverty disproportionately impacts certain racial and ethnic groups in Ohio.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the estimated number of children under age 5 living in poverty within the state of Ohio.
Q: Why is this trend relevant for users or analysts?
A: Child poverty is a crucial measure of economic hardship and opportunity, making this trend important for policymakers, researchers, and the public.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Census Bureau's annual American Community Survey.
Q: How is this trend used in economic policy?
A: This indicator is closely monitored by policymakers and researchers to assess the impacts of economic conditions and social programs on child poverty.
Q: Are there update delays or limitations?
A: The data is published annually, with a typical 1-year delay in availability.
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Citation
U.S. Federal Reserve, Estimate of People Under Age 5 in Poverty for Ohio (PE0T4OH39000A647NCEN), retrieved from FRED.