Estimate of People Age 0-17 in Poverty in Minnesota
PEU18MN27000A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
130,152.00
Year-over-Year Change
-32.27%
Date Range
1/1/1989 - 1/1/2023
Summary
This trend measures the estimated number of people aged 0-17 living in poverty in the state of Minnesota. It provides crucial data for understanding child poverty and informing policy decisions.
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 Age 0-17 in Poverty in Minnesota tracks the population of Minnesotans under 18 who fall below the federal poverty line. This data is used by economists, policymakers, and social service providers to analyze child poverty and guide programs aimed at reducing economic hardship for families.
Methodology
This estimate is calculated by the U.S. Census Bureau based on survey data and statistical modeling.
Historical Context
The trend is an important indicator for monitoring the economic well-being of Minnesota's youth and families.
Key Facts
- Minnesota's child poverty rate was 12.2% in 2021.
- The number of Minnesota children in poverty has declined from a peak of 241,000 in 2010.
- Child poverty rates are higher in rural areas of Minnesota compared to urban centers.
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 Minnesota.
Q: Why is this trend relevant for users or analysts?
A: This data is crucial for understanding child poverty and informing policy decisions to reduce economic hardship for families.
Q: How is this data collected or calculated?
A: The estimate is calculated by the U.S. Census Bureau based on survey data and statistical modeling.
Q: How is this trend used in economic policy?
A: The trend is an important indicator for monitoring the economic well-being of Minnesota's youth and families, which informs policies and programs aimed at reducing child poverty.
Q: Are there update delays or limitations?
A: The data is subject to the publication schedule and methodological limitations of the U.S. Census Bureau's surveys.
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Citation
U.S. Census Bureau, Estimate of People Age 0-17 in Poverty in Minnesota (PEU18MN27000A647NCEN), retrieved from FRED.