Estimated Percent of People Age 0-17 in Poverty for South Carolina
PPU18SC45000A156NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
18.80
Year-over-Year Change
-31.64%
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 the state of South Carolina. It provides important insights into the well-being and economic challenges facing 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 South Carolina is a key indicator used by economists, policymakers, and social service providers to understand the extent of child poverty in the state. It helps inform decisions about resource allocation and policy interventions aimed at improving outcomes for low-income families.
Methodology
This data is collected and calculated by the U.S. Census Bureau based on surveys of household incomes and poverty thresholds.
Historical Context
Trends in child poverty rates are closely monitored by government agencies and non-profit organizations to assess the impacts of economic conditions, social programs, and policy changes.
Key Facts
- In 2021, the estimated child poverty rate in South Carolina was 18.5%.
- South Carolina's child poverty rate is higher than the national average of 16.9%.
- Reducing child poverty is a key priority for policymakers in South Carolina.
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 South Carolina.
Q: Why is this trend relevant for users or analysts?
A: Child poverty rates are an important indicator of the well-being and economic challenges facing families in a state. This data helps inform policy decisions and resource allocation aimed at improving outcomes for low-income children and households.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Census Bureau based on surveys of household incomes and poverty thresholds.
Q: How is this trend used in economic policy?
A: Trends in child poverty rates are closely monitored by government agencies and non-profit organizations to assess the impacts of economic conditions, social programs, and policy changes on low-income families.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, so there may be delays in reflecting the most recent economic conditions.
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Citation
U.S. Census Bureau, Estimated Percent of People Age 0-17 in Poverty for South Carolina (PPU18SC45000A156NCEN), retrieved from FRED.