Estimated Percent of People Under Age 5 in Poverty for Virginia
PP0T4VA51000A156NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
12.70
Year-over-Year Change
-28.25%
Date Range
1/1/1989 - 1/1/2023
Summary
This economic indicator measures the estimated percentage of people under age 5 living in poverty in the state of Virginia. It provides important insights into child poverty levels and economic wellbeing.
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 Virginia is a key indicator used by policymakers, researchers, and analysts to understand economic conditions and the social safety net for young children in the state.
Methodology
This data is collected and calculated by the U.S. Census Bureau based on survey responses.
Historical Context
Trends in child poverty are closely monitored by government agencies and nonprofits to inform social programs and economic policy.
Key Facts
- Virginia's child poverty rate is lower than the national average.
- Poverty disproportionately impacts young children compared to other age groups.
- Reducing child poverty is a key policy goal for many state and federal programs.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the estimated percentage of children under age 5 living in poverty in the state of Virginia.
Q: Why is this trend relevant for users or analysts?
A: Trends in child poverty provide important insights into economic and social conditions, which are critical for policymakers, researchers, and social service providers.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Census Bureau based on survey responses.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this data to monitor child poverty levels and inform policies and programs aimed at reducing poverty and supporting families.
Q: Are there update delays or limitations?
A: There may be some delay in the availability of the most recent data, as it is collected and processed by the Census Bureau.
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Citation
U.S. Census Bureau, Estimated Percent of People Under Age 5 in Poverty for Virginia (PP0T4VA51000A156NCEN), retrieved from FRED.