Estimate of Related Children Age 5-17 in Families in Poverty for Rhode Island
PE5T17RI44000A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
20,977.00
Year-over-Year Change
-32.21%
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 Rhode Island. It provides valuable insights into child poverty levels 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 Rhode Island measures the number of children within this age range who reside in households with incomes below the federal poverty threshold. This data point is used by policymakers and researchers to assess the economic well-being of families and children in the state.
Methodology
The data is collected through the U.S. Census Bureau's American Community Survey.
Historical Context
This indicator is relevant for understanding the socioeconomic conditions and support needs of families and children in Rhode Island.
Key Facts
- Rhode Island's child poverty rate was 17.1% in 2021.
- The state's child poverty rate is higher than the national average.
- Poverty can negatively impact children's educational and health outcomes.
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 Rhode Island.
Q: Why is this trend relevant for users or analysts?
A: This data provides valuable insights into the economic well-being of families and children in Rhode Island, which is crucial for policymakers and researchers.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Census Bureau's American Community Survey.
Q: How is this trend used in economic policy?
A: This indicator is relevant for understanding the socioeconomic conditions and support needs of families and children in Rhode Island, which can inform policy decisions.
Q: Are there update delays or limitations?
A: The data is subject to the publication schedule and methodological limitations of the American Community Survey.
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Citation
U.S. Federal Reserve, Estimate of Related Children Age 5-17 in Families in Poverty for Rhode Island (PE5T17RI44000A647NCEN), retrieved from FRED.