Estimated Percent of People Under Age 5 in Poverty for Rhode Island
PP0T4RI44000A156NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
16.60
Year-over-Year Change
-38.29%
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 Rhode Island. It is an important indicator for policymakers and social service providers to understand the well-being of young children 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
The Estimated Percent of People Under Age 5 in Poverty for Rhode Island provides a snapshot of child poverty levels in the state. This metric is used by economists, social scientists, and government agencies to assess economic hardship and need among the youngest members of the population.
Methodology
The data is collected through the U.S. Census Bureau's American Community Survey.
Historical Context
Trends in child poverty are closely monitored by policymakers to inform decisions around social welfare programs and early childhood initiatives.
Key Facts
- Rhode Island's child poverty rate was 18.4% in 2021.
- The state's child poverty rate is higher than the national average.
- Reducing child poverty is a key policy goal for Rhode Island lawmakers.
FAQs
Q: What does this economic trend measure?
A: This trend measures the estimated percentage of people under the age of 5 living in poverty in the state of Rhode Island.
Q: Why is this trend relevant for users or analysts?
A: Trends in child poverty are important indicators of economic well-being and social support needs for the youngest members of the population.
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: Policymakers use this trend to inform decisions around social welfare programs and early childhood initiatives.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, and may be subject to sampling and estimation error.
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Citation
U.S. Federal Reserve, Estimated Percent of People Under Age 5 in Poverty for Rhode Island (PP0T4RI44000A156NCEN), retrieved from FRED.