Estimated Percent of People of All Ages in Poverty for Delaware
PPAADE10000A156NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10.80
Year-over-Year Change
-14.29%
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 the state of Delaware. It provides important insights into the economic well-being and financial security of Delaware's population.
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 Delaware is a metric that tracks the share of the state's total population living below the established federal poverty threshold. This indicator is widely used by economists, policymakers, and social services organizations to assess the prevalence of poverty and guide resource allocation and program development.
Methodology
The data is collected through the U.S. Census Bureau's annual American Community Survey.
Historical Context
This poverty rate statistic is crucial for understanding the economic conditions and socioeconomic challenges facing Delaware's residents and informing policy decisions.
Key Facts
- Delaware's poverty rate was 12.2% in 2021.
- Poverty disproportionately affects children and the elderly in Delaware.
- The poverty rate in Delaware is lower than the national average.
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 Delaware, based on the federal poverty threshold.
Q: Why is this trend relevant for users or analysts?
A: The poverty rate in Delaware is an important indicator of the state's economic well-being and financial security, providing insights that can inform policy decisions and resource allocation.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Census Bureau's annual American Community Survey.
Q: How is this trend used in economic policy?
A: This poverty rate statistic is crucial for understanding the economic conditions and socioeconomic challenges facing Delaware's residents and informing policy decisions related to social welfare programs and economic development initiatives.
Q: Are there update delays or limitations?
A: The data is published annually, with a slight delay due to the time required for data collection and processing by the Census Bureau.
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Citation
U.S. Federal Reserve, Estimated Percent of People of All Ages in Poverty for Delaware (PPAADE10000A156NCEN), retrieved from FRED.