Estimated Percent of Related Children Age 5-17 in Families in Poverty for Virginia
PP5T17VA51000A156NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
12.30
Year-over-Year Change
-13.99%
Date Range
1/1/1989 - 1/1/2023
Summary
This data series tracks the estimated percentage of related children aged 5-17 living in families below the poverty line in the state of Virginia. It provides important insights into the economic well-being of Virginia's youth and families.
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 Virginia is a key metric used by economists and policymakers to assess the prevalence of childhood poverty within the state. It offers a detailed view of a critical social and economic indicator.
Methodology
The data is collected and calculated by the U.S. Census Bureau as part of the American Community Survey.
Historical Context
This trend is widely referenced by government agencies, nonprofits, and researchers studying poverty, inequality, and family economic security in Virginia.
Key Facts
- Virginia's childhood poverty rate was 13.3% in 2021.
- Poverty disproportionately impacts certain demographics, including racial minorities and single-parent households.
- Reducing childhood poverty is a key policy goal for many Virginia state and local initiatives.
FAQs
Q: What does this economic trend measure?
A: This data series tracks the estimated percentage of related children aged 5-17 living in families below the poverty line in the state of Virginia.
Q: Why is this trend relevant for users or analysts?
A: The Estimated Percent of Related Children Age 5-17 in Families in Poverty for Virginia is a crucial metric for understanding the economic well-being of Virginia's youth and families, and informing policy decisions aimed at reducing childhood poverty.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Census Bureau as part of the American Community Survey.
Q: How is this trend used in economic policy?
A: This trend is widely referenced by government agencies, nonprofits, and researchers studying poverty, inequality, and family economic security in Virginia, and is used to inform policy decisions and initiatives aimed at addressing childhood poverty.
Q: Are there update delays or limitations?
A: The data is published annually, with a slight delay due to the time required for collection and analysis by the Census Bureau.
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Citation
U.S. Census Bureau, Estimated Percent of Related Children Age 5-17 in Families in Poverty for Virginia (PP5T17VA51000A156NCEN), retrieved from FRED.