Estimated Percent of Related Children Age 5-17 in Families in Poverty for Alabama
PP5T17AL01000A156NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
20.20
Year-over-Year Change
-21.71%
Date Range
1/1/1989 - 1/1/2023
Summary
This economic trend measures the estimated percentage of related children aged 5-17 living in families below the poverty line in Alabama. It provides insight into child poverty levels and the economic well-being of families 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 Related Children Age 5-17 in Families in Poverty for Alabama is a key economic indicator that tracks the share of children from low-income households in the state. It is used by policymakers, researchers, and social service providers to assess poverty, inequality, and the need for targeted assistance programs.
Methodology
This data is collected through the U.S. Census Bureau's American Community Survey.
Historical Context
Trends in child poverty rates can inform policy decisions and shape social welfare programs aimed at supporting families and promoting economic mobility.
Key Facts
- Alabama's child poverty rate was 24.1% in 2021.
- The state's child poverty rate is higher than the national average.
- Poverty disproportionately affects minority children in Alabama.
FAQs
Q: What does this economic trend measure?
A: This trend measures the estimated percentage of related children aged 5-17 living in families with incomes below the federal poverty line in the state of Alabama.
Q: Why is this trend relevant for users or analysts?
A: Child poverty rates are an important indicator of economic well-being and can inform policy decisions and the allocation of social services and assistance programs.
Q: How is this data collected or calculated?
A: This data is collected through the U.S. Census Bureau's American Community Survey.
Q: How is this trend used in economic policy?
A: Trends in child poverty rates can shape policies and programs aimed at supporting low-income families and promoting economic mobility in Alabama.
Q: Are there update delays or limitations?
A: The data is released annually with a lag, and may be subject to sampling and estimation uncertainties.
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Citation
U.S. Census Bureau, Estimated Percent of Related Children Age 5-17 in Families in Poverty for Alabama (PP5T17AL01000A156NCEN), retrieved from FRED.