Estimated Percent of People Age 0-17 in Poverty for Ohio
PPU18OH39000A156NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
17.50
Year-over-Year Change
-26.78%
Date Range
1/1/1989 - 1/1/2023
Summary
The Estimated Percent of People Age 0-17 in Poverty for Ohio measures the percentage of children living below the poverty line in the state. This metric is crucial for understanding child welfare and informing policy decisions.
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
This series tracks the estimated percentage of Ohio's population aged 0-17 living in households with incomes below the federal poverty threshold. It provides a key indicator of economic hardship and social inequality affecting young people in the state.
Methodology
The data is collected through the U.S. Census Bureau's American Community Survey.
Historical Context
Policymakers and researchers use this metric to evaluate the effectiveness of social programs and target resources to address child poverty.
Key Facts
- Ohio's child poverty rate is higher than the national average.
- Child poverty disproportionately affects certain demographic groups in Ohio.
- Reducing child poverty is a key policy goal for Ohio legislators.
FAQs
Q: What does this economic trend measure?
A: This trend measures the estimated percentage of Ohio's population aged 0-17 living in households with incomes below the federal poverty threshold.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for understanding child welfare and informing policy decisions that aim to address economic hardship and social inequality affecting young people in Ohio.
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: Policymakers and researchers use this metric to evaluate the effectiveness of social programs and target resources to address child poverty in Ohio.
Q: Are there update delays or limitations?
A: The data is subject to the release schedule and methodological limitations of the American Community Survey.
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Citation
U.S. Federal Reserve, Estimated Percent of People Age 0-17 in Poverty for Ohio (PPU18OH39000A156NCEN), retrieved from FRED.