Estimated Percent of People of All Ages in Poverty for Washington
PPAAWA53000A156NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10.30
Year-over-Year Change
-25.90%
Date Range
1/1/1989 - 1/1/2023
Summary
This trend measures the estimated percentage of people of all ages living in poverty in the state of Washington. It provides valuable insights into economic well-being and helps guide policymakers in addressing poverty-related issues.
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 Washington is a key economic indicator that tracks the proportion of the state's population living below the federal poverty line. This metric is widely used by economists, policymakers, and social service providers to understand the prevalence of poverty and inform targeted interventions.
Methodology
The data is collected through the U.S. Census Bureau's American Community Survey and calculated based on the federal poverty thresholds.
Historical Context
This trend is crucial for understanding the economic conditions and social dynamics within Washington, and it informs policy decisions related to income support, job creation, and social welfare programs.
Key Facts
- The most recent data shows the poverty rate in Washington was 9.5% in 2021.
- Poverty rates tend to be higher in urban areas and among certain demographic groups, such as children and racial minorities.
- Reducing poverty is a key policy objective for state and local governments in Washington.
FAQs
Q: What does this economic trend measure?
A: This trend measures the estimated percentage of people of all ages living in poverty within the state of Washington.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the economic well-being of Washington's population and helps guide policymakers in addressing poverty-related issues.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Census Bureau's American Community Survey and calculated based on the federal poverty thresholds.
Q: How is this trend used in economic policy?
A: This trend informs policy decisions related to income support, job creation, and social welfare programs in Washington.
Q: Are there update delays or limitations?
A: The data is updated annually, and there may be some time lag in the availability of the most recent figures.
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Citation
U.S. Federal Reserve, Estimated Percent of People of All Ages in Poverty for Washington (PPAAWA53000A156NCEN), retrieved from FRED.