Estimate of People Under Age 5 in Poverty for Rhode Island
PE0T4RI44000A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8,473.00
Year-over-Year Change
-42.82%
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 Rhode Island. Understanding childhood poverty rates is crucial for policymakers and social service providers.
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 Rhode Island measures the total number of children under 5 years old living below the federal poverty line within the state. This metric provides insight into economic hardship and socioeconomic conditions affecting young families.
Methodology
The data is calculated by the U.S. Census Bureau using survey responses and statistical modeling.
Historical Context
Trends in childhood poverty are closely monitored by government agencies, nonprofits, and academic researchers to guide social programs and policy decisions.
Key Facts
- Approximately 18% of Rhode Island children under 5 live in poverty.
- Childhood poverty rates are higher in urban areas like Providence.
- Poverty disproportionately affects minority and single-parent households.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the estimated number of children under 5 years old living below the federal poverty line in the state of Rhode Island.
Q: Why is this trend relevant for users or analysts?
A: Childhood poverty rates are a key metric for understanding economic hardship and social welfare needs within a state or local community.
Q: How is this data collected or calculated?
A: The U.S. Census Bureau compiles this data using survey responses and statistical modeling.
Q: How is this trend used in economic policy?
A: Policymakers and social service providers use this data to guide decisions about anti-poverty programs, early childhood education, and other family support initiatives.
Q: Are there update delays or limitations?
A: The Census Bureau releases annual updates, but there may be a 1-2 year lag before the latest data becomes available.
Related Trends
Real Gross Domestic Product: Ambulatory Health Care Services (621) in Rhode Island
RIAMBHCRGSP
Gross Domestic Product: Government and Government Enterprises (92) in Rhode Island
RIGOVNQGSP
Gross Domestic Product: Paper Manufacturing (322) in Rhode Island
RIPAPMANNGSP
Real Personal Income: Nonmetropolitan Portion for Rhode Island
RINMPRPI
Other Deposits in Commercial Member Banks in Rhode Island
X08IOMBORI
Real Gross Domestic Product: Utilities (22) in Rhode Island
RIUTILRGSP
Citation
U.S. Federal Reserve, Estimate of People Under Age 5 in Poverty for Rhode Island (PE0T4RI44000A647NCEN), retrieved from FRED.