Estimated Percent of People Age 0-17 in Poverty for Pennsylvania
PPU18PA42000A156NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
15.50
Year-over-Year Change
-20.10%
Date Range
1/1/1989 - 1/1/2023
Summary
The 'Estimated Percent of People Age 0-17 in Poverty for Pennsylvania' measures the share of Pennsylvania's child population living below the poverty line. This metric is crucial for policymakers and economists to assess social welfare and plan programs targeting childhood poverty.
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 estimates the percentage of Pennsylvania residents aged 0 to 17 years old who are living in households with incomes below the federal poverty threshold. It provides insights into the economic well-being of the state's youth population, which is a key indicator for human capital development and future economic prospects.
Methodology
The data is calculated based on the U.S. Census Bureau's American Community Survey.
Historical Context
Trends in childhood poverty are closely monitored by government agencies, nonprofits, and economic researchers to inform social policies and funding decisions.
Key Facts
- Pennsylvania's child poverty rate was 17.9% in 2021.
- Childhood poverty is linked to lower educational attainment and poorer health outcomes.
- Reducing childhood poverty is a key goal for many state and federal assistance programs.
FAQs
Q: What does this economic trend measure?
A: This trend measures the estimated percentage of people aged 0 to 17 years old in Pennsylvania who are living in households with incomes below the federal poverty line.
Q: Why is this trend relevant for users or analysts?
A: Childhood poverty is a critical indicator of social welfare and human capital development, making this trend highly relevant for policymakers, researchers, and organizations working to address economic disparities.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Census Bureau based on its American Community Survey.
Q: How is this trend used in economic policy?
A: Trends in childhood poverty are closely monitored by government agencies, nonprofits, and economic researchers to inform social policies and funding decisions aimed at supporting low-income families and promoting economic mobility.
Q: Are there update delays or limitations?
A: The data is released annually, and there may be a 1-2 year lag between the reference period and the publication of the estimates.
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Citation
U.S. Federal Reserve, Estimated Percent of People Age 0-17 in Poverty for Pennsylvania (PPU18PA42000A156NCEN), retrieved from FRED.