Estimated Percent of People Under Age 5 in Poverty for Maryland
PP0T4MD24000A156NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
12.90
Year-over-Year Change
-19.37%
Date Range
1/1/1989 - 1/1/2023
Summary
This economic trend measures the estimated percentage of people under age 5 living in poverty in the state of Maryland. Tracking childhood poverty rates is crucial for policymakers and economists to understand economic hardship and plan effective 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
The Estimated Percent of People Under Age 5 in Poverty for Maryland provides a data-driven snapshot of economic challenges facing young children in the state. This metric is an important indicator of overall economic conditions and can inform policy decisions related to education, healthcare, and social support programs.
Methodology
The data is collected through the U.S. Census Bureau's American Community Survey.
Historical Context
This poverty rate trend is widely used by economists, policymakers, and social service providers to analyze economic well-being and target resources effectively.
Key Facts
- The most recent data shows the estimated child poverty rate in Maryland is 13.8%.
- Childhood poverty rates tend to be higher than overall poverty rates.
- Reducing childhood poverty is a key policy goal for many state and federal programs.
FAQs
Q: What does this economic trend measure?
A: This trend measures the estimated percentage of people under age 5 living in poverty in the state of Maryland.
Q: Why is this trend relevant for users or analysts?
A: Tracking childhood poverty rates is crucial for policymakers and economists to understand economic hardship and plan effective social programs.
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 poverty rate trend is widely used by economists, policymakers, and social service providers to analyze economic well-being and target resources effectively.
Q: Are there update delays or limitations?
A: The data is subject to the update schedule and sampling limitations of the American Community Survey.
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Citation
U.S. Census Bureau, Estimated Percent of People Under Age 5 in Poverty for Maryland (PP0T4MD24000A156NCEN), retrieved from FRED.