Estimated Percent of People of All Ages in Poverty for Arkansas
PPAAAR05000A156NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
15.40
Year-over-Year Change
-20.21%
Date Range
1/1/1989 - 1/1/2023
Summary
This economic trend measures the estimated percentage of people of all ages living in poverty in Arkansas. It is an important metric for assessing the economic well-being and social conditions 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 People of All Ages in Poverty for Arkansas provides insights into the income and economic status of the state's population. It is a key indicator used by policymakers, researchers, and community organizations to understand poverty levels and target resources effectively.
Methodology
The data is collected and calculated by the U.S. Census Bureau through its annual American Community Survey.
Historical Context
This poverty trend is widely referenced by economists, social scientists, and government agencies to inform policy decisions and program development.
Key Facts
- Arkansas had an estimated poverty rate of 16.2% in 2021.
- Poverty levels in Arkansas are consistently higher than the national average.
- Child poverty is a significant issue, with 22.5% of children living in poverty in Arkansas.
FAQs
Q: What does this economic trend measure?
A: This trend measures the estimated percentage of people of all ages living in poverty in the state of Arkansas.
Q: Why is this trend relevant for users or analysts?
A: The Arkansas poverty rate is an important indicator of the state's economic and social conditions, and is used by policymakers, researchers, and community organizations to understand and address poverty-related challenges.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Census Bureau through its annual American Community Survey.
Q: How is this trend used in economic policy?
A: This poverty trend is widely referenced by economists, social scientists, and government agencies to inform policy decisions and program development aimed at addressing poverty and improving economic conditions in Arkansas.
Q: Are there update delays or limitations?
A: The poverty data for Arkansas is updated annually, but there may be some delays in the release of the most recent estimates.
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Citation
U.S. Census Bureau, Estimated Percent of People of All Ages in Poverty for Arkansas (PPAAAR05000A156NCEN), retrieved from FRED.