Estimated Percent of Related Children Age 5-17 in Families in Poverty for North Carolina
PP5T17NC37000A156NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
16.90
Year-over-Year Change
-27.47%
Date Range
1/1/1989 - 1/1/2023
Summary
This economic trend measures the estimated percentage of related children aged 5-17 living in poverty in North Carolina. Understanding childhood poverty rates is crucial for policymakers addressing issues of economic inequality and social mobility.
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 North Carolina represents the share of minors within family households in the state that are classified as living below the federal poverty line. This metric provides important insights into the economic well-being of North Carolina's youth population.
Methodology
The data is calculated based on survey responses and statistical modeling by the U.S. Census Bureau.
Historical Context
Childhood poverty rates are closely monitored by government agencies, nonprofits, and economists to inform social programs and economic policies.
Key Facts
- North Carolina's childhood poverty rate was 20.5% as of the latest data.
- Childhood poverty is linked to lower educational attainment and poorer health outcomes.
- The state's childhood poverty rate is slightly higher than the national average.
FAQs
Q: What does this economic trend measure?
A: This trend measures the estimated percentage of related children aged 5-17 living in poverty within family households in the state of North Carolina.
Q: Why is this trend relevant for users or analysts?
A: Childhood poverty rates are a key indicator of economic inequality and social mobility, providing important insights for policymakers and researchers.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Census Bureau based on survey responses and statistical modeling.
Q: How is this trend used in economic policy?
A: Childhood poverty rates are closely monitored by government agencies, nonprofits, and economists to inform social programs and economic policies.
Q: Are there update delays or limitations?
A: The data is released with a time lag, and may be subject to revisions based on updated survey information.
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Citation
U.S. Federal Reserve, Estimated Percent of Related Children Age 5-17 in Families in Poverty for North Carolina (PP5T17NC37000A156NCEN), retrieved from FRED.