Estimated Percent of People of All Ages in Poverty for Hawaii
PPAAHI15000A156NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10.20
Year-over-Year Change
-15.70%
Date Range
1/1/1989 - 1/1/2023
Summary
This economic trend tracks the estimated percentage of people of all ages living in poverty in Hawaii. It provides insight into the economic well-being and financial security of Hawaii'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 Hawaii is a key metric used by economists and policymakers to understand the prevalence of poverty and assess the effectiveness of social programs in the state.
Methodology
The data is collected through the U.S. Census Bureau's annual nationwide survey.
Historical Context
This poverty rate metric helps inform policy decisions related to social safety nets, income support, and economic development initiatives in Hawaii.
Key Facts
- Hawaii's poverty rate was 9.3% in 2021.
- Poverty disproportionately affects certain demographic groups in Hawaii.
- The state's poverty rate is below the national average.
FAQs
Q: What does this economic trend measure?
A: This trend measures the estimated percentage of the total population in Hawaii living below the federal poverty line.
Q: Why is this trend relevant for users or analysts?
A: The poverty rate is a crucial indicator of economic well-being and the effectiveness of social programs in Hawaii.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Census Bureau's annual nationwide survey.
Q: How is this trend used in economic policy?
A: Policymakers use this metric to inform decisions related to social safety nets, income support, and economic development initiatives in Hawaii.
Q: Are there update delays or limitations?
A: The data is updated annually, with a one-year lag in reporting.
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Citation
U.S. Federal Reserve, Estimated Percent of People of All Ages in Poverty for Hawaii (PPAAHI15000A156NCEN), retrieved from FRED.