Estimated Percent of Related Children Age 5-17 in Families in Poverty for West Virginia
PP5T17WV54000A156NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
18.40
Year-over-Year Change
-23.33%
Date Range
1/1/1989 - 1/1/2023
Summary
The 'Estimated Percent of Related Children Age 5-17 in Families in Poverty for West Virginia' measures the percentage of children aged 5-17 living in poverty-level households in the state of West Virginia. This metric provides insight into the economic well-being of families and can inform policy decisions aimed at reducing child poverty.
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
This series represents the share of related children aged 5-17 residing in families with incomes below the poverty threshold in West Virginia. The data is collected through the U.S. Census Bureau's American Community Survey and serves as an important indicator of economic hardship and socioeconomic disparities within the state.
Methodology
The data is calculated based on household income information collected through the American Community Survey.
Historical Context
This metric is closely monitored by policymakers, social service providers, and economic analysts to assess the need for anti-poverty programs and guide resource allocation.
Key Facts
- West Virginia has one of the highest child poverty rates in the United States.
- The poverty rate for related children in West Virginia is over 10 percentage points higher than the national average.
- Reducing child poverty is a key policy priority for the state government.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of related children aged 5-17 living in families with incomes below the poverty threshold in the state of West Virginia.
Q: Why is this trend relevant for users or analysts?
A: This metric provides crucial insight into the economic well-being of families and children in West Virginia, informing policy decisions and resource allocation aimed at reducing child poverty.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Census Bureau's American Community Survey and calculated based on household income information.
Q: How is this trend used in economic policy?
A: Policymakers, social service providers, and economic analysts closely monitor this metric to assess the need for anti-poverty programs and guide resource allocation within the state.
Q: Are there update delays or limitations?
A: The data is subject to the publication schedule of the American Community Survey, which may result in periodic update delays.
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Citation
U.S. Federal Reserve, Estimated Percent of Related Children Age 5-17 in Families in Poverty for West Virginia (PP5T17WV54000A156NCEN), retrieved from FRED.