Estimate of People Under Age 5 in Poverty for Virginia
PE0T4VA51000A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
60,411.00
Year-over-Year Change
-31.98%
Date Range
1/1/1989 - 1/1/2023
Summary
This economic trend measures the estimated number of people under age 5 living in poverty in the state of Virginia. It provides important insights into the well-being of young children in the state and can inform policy decisions.
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 Virginia tracks the total number of children under 5 years old who are classified as living in poverty according to the U.S. Census Bureau's poverty thresholds. This metric is a key indicator of childhood economic hardship and is used by policymakers to assess the need for support programs.
Methodology
The data is collected and calculated by the U.S. Census Bureau through population surveys.
Historical Context
This trend is relevant for understanding the economic conditions facing Virginia's youngest residents and can inform decisions around social services, education, and family assistance programs.
Key Facts
- Virginia's child poverty rate is 12.8% as of the latest data.
- Poverty disproportionately affects young children in the state.
- The trend has declined since the early 2010s but remains a concern.
FAQs
Q: What does this economic trend measure?
A: This trend measures the estimated number of people under age 5 living in poverty in the state of Virginia according to the U.S. Census Bureau's poverty thresholds.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the economic well-being of young children in Virginia and can inform policy decisions around social services, education, and family assistance programs.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Census Bureau through population surveys.
Q: How is this trend used in economic policy?
A: This trend is relevant for understanding the economic conditions facing Virginia's youngest residents and can inform decisions around social services, education, and family assistance programs.
Q: Are there update delays or limitations?
A: The data is published with a lag, and there may be limitations in survey coverage or sampling that affect the precision of the estimates.
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Citation
U.S. Census Bureau, Estimate of People Under Age 5 in Poverty for Virginia (PE0T4VA51000A647NCEN), retrieved from FRED.