Estimated Percent of People of All Ages in Poverty for Montana
PPAAMT30000A156NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
11.80
Year-over-Year Change
-22.37%
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 Montana. It is an important indicator for policymakers and economists assessing the economic well-being of Montana'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 Montana tracks the share of the state's total population with incomes below the federal poverty threshold. This metric provides insights into the prevalence and distribution of poverty within the state, which informs decisions around social programs and targeted economic development initiatives.
Methodology
The data is collected through the U.S. Census Bureau's American Community Survey.
Historical Context
This trend is widely used by government agencies, nonprofits, and analysts to monitor poverty levels and guide policy interventions in Montana.
Key Facts
- Montana's poverty rate is consistently below the national average.
- Poverty disproportionately affects certain demographic groups in Montana.
- Trends in this metric inform the allocation of federal and state assistance programs.
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 Montana. It provides insights into the prevalence of poverty in the state.
Q: Why is this trend relevant for users or analysts?
A: This trend is an important indicator for policymakers and economists assessing the economic well-being of Montana's population, as it informs decisions around social programs and targeted economic development initiatives.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Census Bureau's American Community Survey.
Q: How is this trend used in economic policy?
A: This trend is widely used by government agencies, nonprofits, and analysts to monitor poverty levels and guide policy interventions in Montana.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, and may be subject to sampling and estimation uncertainties inherent in survey-based measures.
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Citation
U.S. Federal Reserve, Estimated Percent of People of All Ages in Poverty for Montana (PPAAMT30000A156NCEN), retrieved from FRED.