Estimate of People Age 0-17 in Poverty in Maine
PEU18ME23000A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
30,775.00
Year-over-Year Change
-39.15%
Date Range
1/1/1989 - 1/1/2023
Summary
The Estimate of People Age 0-17 in Poverty in Maine measures the number of children living below the poverty line in the state. This metric is crucial for understanding child welfare and informing policy decisions around 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
This series tracks the population of Maine residents aged 0-17 who are living in households with incomes below the federal poverty threshold. The data is used by economists, policymakers, and social service providers to assess the well-being of children and identify areas of need.
Methodology
The data is collected through the U.S. Census Bureau's annual American Community Survey.
Historical Context
Trends in child poverty are closely monitored by government agencies and nonprofits to inform policy decisions and the allocation of social services funding.
Key Facts
- Maine's child poverty rate was 14.1% in 2021.
- The number of Maine children in poverty has declined by 25% since 2015.
- Child poverty disproportionately affects certain demographic groups in Maine.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of children aged 0-17 living in households with incomes below the federal poverty line in the state of Maine.
Q: Why is this trend relevant for users or analysts?
A: Tracking child poverty is crucial for understanding the well-being of Maine's youth and informing policy decisions around social programs and services.
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: Trends in child poverty are closely monitored by government agencies and nonprofits to inform policy decisions and the allocation of social services funding.
Q: Are there update delays or limitations?
A: The data is released annually with a slight delay, and may not capture the most recent economic conditions.
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Citation
U.S. Federal Reserve, Estimate of People Age 0-17 in Poverty in Maine (PEU18ME23000A647NCEN), retrieved from FRED.