Estimated Percent of People Under Age 5 in Poverty for Indiana
PP0T4IN18000A156NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
16.60
Year-over-Year Change
-37.36%
Date Range
1/1/1989 - 1/1/2023
Summary
The 'Estimated Percent of People Under Age 5 in Poverty for Indiana' metric tracks the share of Indiana's youngest residents living below the poverty line. This key economic indicator provides crucial insights into child wellbeing and the challenges facing low-income families.
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 represents the percentage of children under 5 years old in Indiana who are living in households with incomes below the federal poverty threshold. It is an important measure of economic hardship and disadvantage among the state's most vulnerable population.
Methodology
The data is calculated using the U.S. Census Bureau's Current Population Survey and Small Area Income and Poverty Estimates.
Historical Context
Policymakers and stakeholders use this metric to understand poverty trends and guide efforts to support low-income families and promote economic mobility.
Key Facts
- Indiana's child poverty rate was 16.1% in 2020.
- The national child poverty rate was 15.7% in 2020.
- Child poverty disproportionately impacts racial minorities in Indiana.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the percentage of children under 5 years old in Indiana who are living in households with incomes below the federal poverty threshold.
Q: Why is this trend relevant for users or analysts?
A: Child poverty is a critical indicator of economic hardship and disadvantage, with long-term impacts on child wellbeing, educational outcomes, and economic mobility.
Q: How is this data collected or calculated?
A: The data is calculated using the U.S. Census Bureau's Current Population Survey and Small Area Income and Poverty Estimates.
Q: How is this trend used in economic policy?
A: Policymakers and stakeholders use this metric to understand poverty trends and guide efforts to support low-income families and promote economic mobility.
Q: Are there update delays or limitations?
A: The data is published annually with a 1-2 year lag, and may not fully capture short-term changes in economic conditions.
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Citation
U.S. Federal Reserve, Estimated Percent of People Under Age 5 in Poverty for Indiana (PP0T4IN18000A156NCEN), retrieved from FRED.