Estimate of Related Children Age 5-17 in Families in Poverty for West Virginia
PE5T17WV54000A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
47,417.00
Year-over-Year Change
-27.60%
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 West Virginia. It provides key 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 West Virginia tracks the portion of the child population in low-income households, a critical indicator of economic well-being and opportunity. Economists and policymakers use this data to assess the extent of child poverty and guide social programs.
Methodology
The U.S. Census Bureau collects this data through household surveys and calculates the state-level estimate.
Historical Context
This poverty indicator informs decisions around social safety net policies and investments in child and family welfare.
Key Facts
- West Virginia has one of the highest child poverty rates in the U.S.
- The state's estimated 5-17 child poverty population exceeds 80,000.
- Child poverty disproportionately impacts rural and minority communities in West Virginia.
FAQs
Q: What does this economic trend measure?
A: This trend tracks the estimated number of related children aged 5-17 living in families below the federal poverty line in West Virginia.
Q: Why is this trend relevant for users or analysts?
A: Child poverty is a key indicator of economic hardship and opportunity. This data informs decisions around social programs and policies to support vulnerable families and children.
Q: How is this data collected or calculated?
A: The U.S. Census Bureau collects this data through household surveys and calculates the state-level estimate.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this poverty indicator to guide decisions around social safety net programs, child welfare initiatives, and investments in education and community development.
Q: Are there update delays or limitations?
A: This data is updated annually, with a delay of approximately one year. State-level estimates may have larger margins of error compared to national figures.
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Citation
U.S. Federal Reserve, Estimate of Related Children Age 5-17 in Families in Poverty for West Virginia (PE5T17WV54000A647NCEN), retrieved from FRED.