Estimated Percent of People of All Ages in Poverty for West Virginia
PPAAWV54000A156NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
16.40
Year-over-Year Change
-12.30%
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 West Virginia. It provides important insight into the economic well-being and standard of living 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 West Virginia is a key metric used by economists, policymakers, and social service providers to assess the prevalence and distribution of poverty within the state. It helps inform decisions around social programs, infrastructure investment, and economic development initiatives.
Methodology
This data is collected and calculated annually by the U.S. Census Bureau based on household surveys.
Historical Context
This trend is closely monitored by state and federal agencies to track progress in reducing poverty and informing policy decisions.
Key Facts
- West Virginia has historically had one of the highest poverty rates in the United States.
- Poverty disproportionately affects certain demographics in West Virginia, including children and rural residents.
- Reducing poverty is a key policy goal for West Virginia's state government and local communities.
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 West Virginia.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insight into the economic well-being and standard of living in West Virginia, which is crucial for informing social programs, infrastructure investment, and economic development initiatives.
Q: How is this data collected or calculated?
A: This data is collected and calculated annually by the U.S. Census Bureau based on household surveys.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by state and federal agencies to track progress in reducing poverty and informing policy decisions.
Q: Are there update delays or limitations?
A: The data is updated annually, with a typical 1-year delay in publication.
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Citation
U.S. Census Bureau, Estimated Percent of People of All Ages in Poverty for West Virginia (PPAAWV54000A156NCEN), retrieved from FRED.