Estimate of People of All Ages in Poverty in Rhode Island
PEAARI44000A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
120,087.00
Year-over-Year Change
-18.90%
Date Range
1/1/1989 - 1/1/2023
Summary
This economic trend tracks the estimated number of people of all ages living in poverty in the state of Rhode Island. Monitoring poverty levels is crucial for policymakers and researchers analyzing economic well-being and the effectiveness of social programs.
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 People of All Ages in Poverty in Rhode Island represents the total count of individuals living below the federal poverty line in the state. This metric provides important insights into the economic challenges facing Rhode Island residents and can inform policy decisions around social services, job creation, and community development.
Methodology
The data is collected through the U.S. Census Bureau's annual American Community Survey.
Historical Context
This poverty estimate is used by government agencies, nonprofits, and economic analysts to assess the state's economic conditions and target resources effectively.
Key Facts
- The latest estimate shows XX,XXX people in Rhode Island living in poverty.
- The state's poverty rate is YY.Y%, compared to the national average of ZZ.Z%.
- Poverty disproportionately affects certain demographic groups in Rhode Island.
FAQs
Q: What does this economic trend measure?
A: This trend tracks the total number of people of all ages living below the federal poverty line in the state of Rhode Island.
Q: Why is this trend relevant for users or analysts?
A: Monitoring poverty levels is crucial for policymakers and researchers analyzing economic well-being and the effectiveness of social programs in Rhode Island.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Census Bureau's annual American Community Survey.
Q: How is this trend used in economic policy?
A: This poverty estimate is used by government agencies, nonprofits, and economic analysts to assess the state's economic conditions and target resources effectively.
Q: Are there update delays or limitations?
A: The data is published annually, with a delay of approximately one year, and may be subject to sampling and methodological limitations.
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EMISSCO2CHLACBRIA
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Citation
U.S. Federal Reserve, Estimate of People of All Ages in Poverty in Rhode Island (PEAARI44000A647NCEN), retrieved from FRED.