Estimated Percent of Related Children Age 5-17 in Families in Poverty for District of Columbia
PP5T17DC11000A156NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
19.90
Year-over-Year Change
-34.75%
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 in poverty in the District of Columbia. It provides valuable insights into the well-being and economic status of children and families in the region.
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 District of Columbia tracks the proportion of children living in households with incomes below the federal poverty line. This indicator is used by policymakers and researchers to assess the financial security and socioeconomic conditions of families and children in the District.
Methodology
This data is collected and calculated by the U.S. Census Bureau based on survey responses.
Historical Context
Trends in child poverty rates are closely monitored by government agencies and advocacy groups to inform policy decisions and social programs.
Key Facts
- The poverty rate for children in D.C. was 26.7% in 2020.
- Childhood poverty disproportionately affects certain racial and ethnic groups in the District.
- Poverty can negatively impact a child's health, education, and future economic mobility.
FAQs
Q: What does this economic trend measure?
A: This trend measures the estimated percentage of children aged 5-17 living in families with incomes below the federal poverty line in the District of Columbia.
Q: Why is this trend relevant for users or analysts?
A: Tracking child poverty rates is crucial for understanding the well-being and financial security of families in the District and informing policies and programs to support vulnerable populations.
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 from households in the District of Columbia.
Q: How is this trend used in economic policy?
A: Policymakers, researchers, and advocacy groups use this data to monitor child poverty, assess the impacts of economic conditions and social programs, and inform decisions on policies and resource allocation.
Q: Are there update delays or limitations?
A: The data is released annually, and there may be a 1-2 year lag between the reference year and the release date.
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Citation
U.S. Census Bureau, Estimated Percent of Related Children Age 5-17 in Families in Poverty for District of Columbia (PP5T17DC11000A156NCEN), retrieved from FRED.