Estimated Percent of People of All Ages in Poverty for Louisiana
PPAALA22000A156NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
18.90
Year-over-Year Change
-7.80%
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 Louisiana. It is an important metric for policymakers and researchers to understand the financial well-being and economic conditions in 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 Louisiana represents the estimated proportion of the state's total population living below the federal poverty line. This data point is used to analyze poverty levels, inform social programs, and assess the overall economic climate in Louisiana.
Methodology
The data is collected through the U.S. Census Bureau's annual American Community Survey.
Historical Context
This poverty rate trend is closely monitored by government agencies, nonprofits, and economists to guide policy decisions and resource allocation.
Key Facts
- Louisiana's poverty rate was 19.0% in 2021.
- The state's poverty rate is consistently higher than the national average.
- Poverty disproportionately impacts certain demographic groups in Louisiana.
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 Louisiana.
Q: Why is this trend relevant for users or analysts?
A: The poverty rate is a key indicator of economic well-being and financial insecurity, making it important for policymakers, researchers, and the public to understand poverty levels in Louisiana.
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: Poverty rates are closely monitored by government agencies, nonprofits, and economists to guide policy decisions and resource allocation for social programs and economic development initiatives.
Q: Are there update delays or limitations?
A: The data is updated annually, but there may be a 1-2 year lag in the most recent figures being available.
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Citation
U.S. Federal Reserve, Estimated Percent of People of All Ages in Poverty for Louisiana (PPAALA22000A156NCEN), retrieved from FRED.