Estimate of Related Children Age 5-17 in Families in Poverty for North Carolina
PE5T17NC37000A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
287,984.00
Year-over-Year Change
-24.40%
Date Range
1/1/1989 - 1/1/2023
Summary
This economic indicator tracks the estimated number of related children aged 5-17 living in families below the poverty line in North Carolina. It provides insight into child poverty levels in the state, which is a key metric for evaluating economic well-being and guiding 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 Related Children Age 5-17 in Families in Poverty for North Carolina measures the population of minors from low-income households in the state. This metric is used by economists, social service providers, and policymakers to understand the extent of childhood poverty and target resources accordingly.
Methodology
The data is collected through the U.S. Census Bureau's Current Population Survey and American Community Survey.
Historical Context
This economic indicator informs policy decisions around social safety net programs, education funding, and initiatives to alleviate child poverty.
Key Facts
- The current value is XX,XXX related children.
- Childhood poverty rates in North Carolina are higher than the national average.
- This metric has trended downward over the past decade.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the estimated number of related children aged 5-17 living in families below the poverty line in North Carolina.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the extent of childhood poverty in the state, which is a key factor in evaluating economic well-being and informing social policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Census Bureau's Current Population Survey and American Community Survey.
Q: How is this trend used in economic policy?
A: This indicator informs policy decisions around social safety net programs, education funding, and initiatives to alleviate child poverty in North Carolina.
Q: Are there update delays or limitations?
A: There may be a 1-2 year delay in data availability due to the survey-based nature of this metric.
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Citation
U.S. Federal Reserve, Estimate of Related Children Age 5-17 in Families in Poverty for North Carolina (PE5T17NC37000A647NCEN), retrieved from FRED.