Poverty Universe, Age 0-17 for Pennsylvania
PUA0T17PA42000A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,577,498.00
Year-over-Year Change
-5.21%
Date Range
1/1/1998 - 1/1/2023
Summary
This trend measures the total number of people aged 0-17 living in poverty in the state of Pennsylvania. Understanding childhood poverty rates is crucial for policymakers seeking to address economic inequality and improve outcomes for young people.
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 Poverty Universe, Age 0-17 for Pennsylvania data series tracks the total population of minors living below the federal poverty line in the state. This metric is widely used by economists, social scientists, and government agencies to analyze the scale and geographic distribution of child poverty, which has significant implications for education, health, and social mobility.
Methodology
The data is collected through the U.S. Census Bureau's American Community Survey.
Historical Context
Policymakers and non-profit organizations rely on this data to inform programs and allocate resources aimed at reducing childhood poverty.
Key Facts
- Pennsylvania's childhood poverty rate was 17.1% in 2021.
- Childhood poverty disproportionately affects minority communities in Pennsylvania.
- Poverty can have long-lasting impacts on child development and educational outcomes.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of people aged 0-17 living in poverty in the state of Pennsylvania.
Q: Why is this trend relevant for users or analysts?
A: Understanding childhood poverty rates is crucial for policymakers seeking to address economic inequality and improve outcomes for young people.
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 non-profit organizations rely on this data to inform programs and allocate resources aimed at reducing childhood poverty.
Q: Are there update delays or limitations?
A: The data is released annually with a delay of approximately one year.
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Citation
U.S. Federal Reserve, Poverty Universe, Age 0-17 for Pennsylvania (PUA0T17PA42000A647NCEN), retrieved from FRED.