Poverty Universe, Age 0-17 for Ohio
PUA0T17OH39000A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,527,435.00
Year-over-Year Change
-4.60%
Date Range
1/1/1998 - 1/1/2023
Summary
The Poverty Universe, Age 0-17 for Ohio measures the total number of children under 18 living in poverty within the state of Ohio. This metric is crucial for economists and policymakers to understand the economic wellbeing of Ohio's youth population.
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 total number of individuals aged 0 to 17 who are considered to be living in poverty in the state of Ohio. It is an important indicator of the economic conditions and social support systems available for children in the state.
Methodology
The data is collected through the U.S. Census Bureau's American Community Survey.
Historical Context
This trend is widely used by government agencies, nonprofits, and researchers to assess the effectiveness of anti-poverty programs and guide policy decisions.
Key Facts
- Ohio's child poverty rate was 18.3% in 2021.
- The Poverty Universe for Ohio's 0-17 age group has decreased by 8.2% since 2019.
- Poverty disproportionately affects minority children in Ohio.
FAQs
Q: What does this economic trend measure?
A: The Poverty Universe, Age 0-17 for Ohio measures the total number of children under the age of 18 who are living in poverty within the state of Ohio.
Q: Why is this trend relevant for users or analysts?
A: This trend is crucial for understanding the economic wellbeing of Ohio's youth population and informing policies and programs aimed at reducing child poverty.
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: This trend is widely used by government agencies, nonprofits, and researchers to assess the effectiveness of anti-poverty programs and guide policy decisions.
Q: Are there update delays or limitations?
A: The data is updated annually, and there may be some lag in reporting due to the nature of the survey process.
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Citation
U.S. Federal Reserve, Poverty Universe, Age 0-17 for Ohio (PUA0T17OH39000A647NCEN), retrieved from FRED.