Estimate of People Age 0-17 in Poverty in Illinois
PEU18IL17000A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
390,309.00
Year-over-Year Change
-40.08%
Date Range
1/1/1989 - 1/1/2023
Summary
The 'Estimate of People Age 0-17 in Poverty in Illinois' measures the number of children under 18 living below the poverty line in the state of Illinois. This metric is crucial for policymakers and economists to understand the economic well-being of families and communities.
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
This series tracks the estimated number of Illinois residents aged 0-17 whose family income falls below the federal poverty threshold. It provides important insights into childhood poverty and economic inequality within the state.
Methodology
The data is collected through the U.S. Census Bureau's annual Current Population Survey.
Historical Context
This trend is widely used to inform policy decisions and evaluate the effectiveness of social programs aimed at reducing child poverty.
Key Facts
- Illinois child poverty rate was 17.9% in 2021.
- The trend has fluctuated between 15-22% over the past decade.
- Poverty disproportionately impacts minority and low-income communities in Illinois.
FAQs
Q: What does this economic trend measure?
A: This trend measures the estimated number of people aged 0-17 living in poverty in the state of Illinois. It provides key insights into the economic well-being of children and families in the state.
Q: Why is this trend relevant for users or analysts?
A: This trend is crucial for policymakers, economists, and social service providers to understand the scale and distribution of childhood poverty in Illinois. It informs policy decisions and the allocation of resources to address economic inequality and support vulnerable families.
Q: How is this data collected or calculated?
A: The data is collected annually through the U.S. Census Bureau's Current Population Survey.
Q: How is this trend used in economic policy?
A: This trend is widely used by policymakers, economists, and social service organizations to assess the effectiveness of anti-poverty programs and inform decisions about resource allocation and policy priorities.
Q: Are there update delays or limitations?
A: The data is updated annually, with a typical 1-year delay. The trend may not fully capture the impacts of rapid economic changes or regional variations within Illinois.
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Citation
U.S. Federal Reserve, Estimate of People Age 0-17 in Poverty in Illinois (PEU18IL17000A647NCEN), retrieved from FRED.