Estimated Percent of Related Children Age 5-17 in Families in Poverty for Ohio
PP5T17OH39000A156NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
16.60
Year-over-Year Change
-22.79%
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-level families in the state of Ohio. This metric is a key indicator of child well-being and economic hardship within 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 Ohio represents the share of children living in households with incomes below the federal poverty line. This data point provides insight into the economic security and access to resources for young Ohioans.
Methodology
The data is collected through the U.S. Census Bureau's American Community Survey.
Historical Context
This metric is widely used by policymakers, economists, and social services organizations to understand trends in childhood poverty and guide policy decisions.
Key Facts
- Ohio's child poverty rate was 19.1% in 2021.
- The state's child poverty rate is higher than the national average.
- Childhood poverty is linked to poorer educational and health outcomes.
FAQs
Q: What does this economic trend measure?
A: This trend measures the estimated percentage of related children aged 5-17 living in poverty-level families in the state of Ohio.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insight into the economic security and well-being of young Ohioans, which is crucial for policymakers, social services, and economic analysts.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Census Bureau's American Community Survey.
Q: How is this trend used in economic policy?
A: This metric is widely used by policymakers, economists, and social services organizations to understand trends in childhood poverty and guide policy decisions.
Q: Are there update delays or limitations?
A: The data is updated annually, and there may be some lag in the most recent information being available.
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Citation
U.S. Federal Reserve, Estimated Percent of Related Children Age 5-17 in Families in Poverty for Ohio (PP5T17OH39000A156NCEN), retrieved from FRED.