Estimated Percent of People Under Age 5 in Poverty for Washington
PP0T4WA53000A156NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
13.40
Year-over-Year Change
-36.49%
Date Range
1/1/1989 - 1/1/2023
Summary
This series measures the estimated percentage of people under age 5 living in poverty in Washington state. It provides important insights into child poverty levels and can inform policy decisions.
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 Washington tracks the share of the state's population under 5 years old who are living below the federal poverty line. This metric is a key indicator of economic hardship and well-being for young children.
Methodology
The data is calculated based on the U.S. Census Bureau's American Community Survey.
Historical Context
This trend is used by policymakers, researchers, and advocacy groups to understand the scope of child poverty and guide programs and initiatives.
Key Facts
- Over 17% of children under 5 in Washington were in poverty in 2021.
- The child poverty rate in Washington is higher than the national average.
- Reducing child poverty is a key policy priority for many state and local governments.
FAQs
Q: What does this economic trend measure?
A: This trend measures the estimated percentage of people under the age of 5 who are living in poverty in the state of Washington.
Q: Why is this trend relevant for users or analysts?
A: The child poverty rate is an important indicator of economic hardship and wellbeing, and can inform policy decisions and programs aimed at supporting low-income families with young children.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Census Bureau based on the American Community Survey.
Q: How is this trend used in economic policy?
A: Policymakers, researchers, and advocacy groups use this trend to understand the scope of child poverty in Washington and guide initiatives and programs to address economic hardship among young children.
Q: Are there update delays or limitations?
A: The data is published annually with a delay of approximately one year.
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Citation
U.S. Federal Reserve, Estimated Percent of People Under Age 5 in Poverty for Washington (PP0T4WA53000A156NCEN), retrieved from FRED.