Estimate of Related Children Age 5-17 in Families in Poverty for Maryland
PE5T17MD24000A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
100,848.00
Year-over-Year Change
-17.39%
Date Range
1/1/1989 - 1/1/2023
Summary
This economic trend measures the estimated number of related children aged 5 to 17 living in families in poverty in the state of Maryland. It provides important insights into child poverty levels and the socioeconomic well-being of families in 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 Related Children Age 5-17 in Families in Poverty for Maryland is a key indicator used by economists and policymakers to understand the prevalence of child poverty within the state. It helps inform decisions around social welfare programs and targeted interventions to support low-income families.
Methodology
This data is collected and calculated by the U.S. Census Bureau based on survey responses.
Historical Context
Trends in child poverty are closely monitored by government agencies and research institutions to assess the effectiveness of economic and social policies.
Key Facts
- Maryland's child poverty rate was 12.4% in 2021.
- The number of related children aged 5-17 in poverty in Maryland has declined by 18% since 2010.
- Child poverty disproportionately affects minority communities in Maryland.
FAQs
Q: What does this economic trend measure?
A: This trend measures the estimated number of related children aged 5 to 17 living in families in poverty in the state of Maryland.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into child poverty levels and the socioeconomic well-being of families in Maryland, which is crucial information for policymakers and researchers.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Census Bureau based on survey responses.
Q: How is this trend used in economic policy?
A: Trends in child poverty are closely monitored by government agencies and research institutions to assess the effectiveness of economic and social policies.
Q: Are there update delays or limitations?
A: The data is released annually, and there may be some time lag in the availability of the most recent figures.
Related Trends
Transportation Carbon Dioxide Emissions, Residual Fuel for Maryland
EMISSCO2VRFACBMDA
Forestry, Fishing, Related Activities and Other Wages and Salaries in Maryland
MDWFOR
Real Gross Domestic Product: Information (51) in Maryland
MDINFORQGSP
Personal Contributions for Social Insurance in Maryland
MDOSOC
Gross Domestic Product: Air Transportation (481) in Maryland
MDAIRTRANNGSP
Residence Adjustment in Maryland
MDEADJ
Citation
U.S. Federal Reserve, Estimate of Related Children Age 5-17 in Families in Poverty for Maryland (PE5T17MD24000A647NCEN), retrieved from FRED.