Estimated Percent of People Age 0-17 in Poverty for North Carolina
PPU18NC37000A156NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
17.50
Year-over-Year Change
-31.10%
Date Range
1/1/1989 - 1/1/2023
Summary
This economic trend measures the estimated percentage of people aged 0-17 living in poverty in North Carolina. It provides important insights into the well-being and financial security of children and families 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 Age 0-17 in Poverty for North Carolina is a key indicator used by economists, policymakers, and social service providers to assess the economic conditions and needs of the state's youth population. It is an essential metric for understanding poverty and inequality trends.
Methodology
The data is collected through the U.S. Census Bureau's annual American Community Survey.
Historical Context
This trend is widely referenced in policy discussions and program planning related to child welfare, education, and social services.
Key Facts
- North Carolina's child poverty rate was 19.7% in 2021.
- This rate is higher than the national average of 16.9%.
- The trend has fluctuated over the past decade, reaching a high of 23.6% in 2013.
FAQs
Q: What does this economic trend measure?
A: This trend measures the estimated percentage of people aged 0-17 living in poverty in the state of North Carolina.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the financial security and well-being of children and families in North Carolina, which is essential for policymakers, social service providers, and analysts.
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: This trend is widely referenced in policy discussions and program planning related to child welfare, education, and social services in North Carolina.
Q: Are there update delays or limitations?
A: The data is updated annually, and there may be some delays in the release of the most recent estimates.
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Citation
U.S. Federal Reserve, Estimated Percent of People Age 0-17 in Poverty for North Carolina (PPU18NC37000A156NCEN), retrieved from FRED.