Estimate of People Age 0-17 in Poverty in Ohio
PEU18OH39000A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
441,934.00
Year-over-Year Change
-30.32%
Date Range
1/1/1989 - 1/1/2023
Summary
The 'Estimate of People Age 0-17 in Poverty in Ohio' trend measures the number of individuals under 18 years old living below the poverty line in the state of Ohio. This data is crucial for policymakers and economists to understand the demographics and socioeconomic conditions 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
This series tracks the estimated population of Ohioans aged 0-17 who are living in households with incomes below the federal poverty threshold. It provides insights into child poverty levels and can inform policies and programs aimed at supporting low-income families and promoting economic mobility.
Methodology
The data is collected through the U.S. Census Bureau's American Community Survey.
Historical Context
This trend is used by government agencies, nonprofits, and researchers to analyze poverty and economic well-being among Ohio's youth population.
Key Facts
- Ohio's child poverty rate was 18.9% in 2020.
- The number of Ohio children in poverty has declined since 2015.
- Child poverty disproportionately affects certain racial and ethnic groups in Ohio.
FAQs
Q: What does this economic trend measure?
A: This trend measures the estimated number of individuals under 18 years old living in households with incomes below the federal poverty threshold in the state of Ohio.
Q: Why is this trend relevant for users or analysts?
A: This data is crucial for understanding the demographics and socioeconomic conditions of Ohio's youth population, which can inform policymaking and programs aimed at supporting low-income families and promoting economic mobility.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Census Bureau's American Community Survey.
Q: How is this trend used in economic policy?
A: This trend is used by government agencies, nonprofits, and researchers to analyze poverty and economic well-being among Ohio's youth population, which can inform policies and programs aimed at supporting low-income families.
Q: Are there update delays or limitations?
A: The data is published annually with a time lag, and may be subject to sampling and estimation errors inherent in survey-based measures.
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Citation
U.S. Federal Reserve, Estimate of People Age 0-17 in Poverty in Ohio (PEU18OH39000A647NCEN), retrieved from FRED.