Estimate of Related Children Age 5-17 in Families in Poverty for Ohio
PE5T17OH39000A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
310,474.00
Year-over-Year Change
-25.58%
Date Range
1/1/1989 - 1/1/2023
Summary
This economic trend measures the estimated number of related children aged 5-17 living in families below the poverty line in the state of Ohio. It provides insight into child poverty levels and socioeconomic conditions 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 Ohio is a key indicator used by economists and policymakers to assess the extent of child poverty and household financial distress in the state. It helps inform decisions around social welfare programs and targeted interventions.
Methodology
The data is collected and calculated by the U.S. Census Bureau through household surveys.
Historical Context
This trend is widely referenced by state and federal agencies when evaluating the effectiveness of poverty reduction policies and allocating resources.
Key Facts
- Ohio's child poverty rate was 18.6% in 2021.
- The number of related children in poverty in Ohio has declined by 14% since 2015.
- Child poverty is more prevalent in urban areas of Ohio compared to rural regions.
FAQs
Q: What does this economic trend measure?
A: This trend measures the estimated number of related children aged 5-17 living in families below the poverty line in the state of Ohio.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into child poverty levels and household financial distress in Ohio, which informs policy decisions and the allocation of social welfare resources.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Census Bureau through household surveys.
Q: How is this trend used in economic policy?
A: This trend is widely referenced by state and federal agencies when evaluating the effectiveness of poverty reduction policies and allocating resources.
Q: Are there update delays or limitations?
A: The data is published annually with a delay of approximately one year.
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Citation
U.S. Federal Reserve, Estimate of Related Children Age 5-17 in Families in Poverty for Ohio (PE5T17OH39000A647NCEN), retrieved from FRED.