Estimate of People Age 0-17 in Poverty in Virginia
PEU18VA51000A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
235,215.00
Year-over-Year Change
-17.34%
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 Virginia. It is an important indicator for policymakers and social service providers to understand the scope of child poverty and target resources effectively.
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 Virginia is a key metric for evaluating the economic well-being of children in the state. It provides insights into the challenges facing low-income families and can inform decisions around social programs, education funding, and other initiatives aimed at reducing childhood poverty.
Methodology
This estimate is calculated using data from the U.S. Census Bureau's American Community Survey.
Historical Context
The trend is widely used by state and local governments, non-profit organizations, and researchers to assess poverty levels and guide policy interventions.
Key Facts
- Virginia's child poverty rate was 14.1% in 2021.
- Poverty disproportionately affects children of color in Virginia.
- Childhood poverty is linked to lower educational attainment and poorer health outcomes.
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 Virginia.
Q: Why is this trend relevant for users or analysts?
A: This trend is important for understanding the scope of childhood poverty in Virginia and informing policies and programs aimed at supporting low-income families and improving child well-being.
Q: How is this data collected or calculated?
A: The estimate is calculated using data from the U.S. Census Bureau's American Community Survey.
Q: How is this trend used in economic policy?
A: State and local governments, non-profit organizations, and researchers use this trend to assess poverty levels and guide policy interventions related to social programs, education funding, and other initiatives targeted at reducing childhood poverty.
Q: Are there update delays or limitations?
A: The data is subject to the publication schedule and methodological changes of the American Community Survey.
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Citation
U.S. Federal Reserve, Estimate of People Age 0-17 in Poverty in Virginia (PEU18VA51000A647NCEN), retrieved from FRED.