Poverty Universe, Age 0-17 for Wisconsin
PUA0T17WI55000A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,227,404.00
Year-over-Year Change
-5.46%
Date Range
1/1/1998 - 1/1/2023
Summary
The Poverty Universe, Age 0-17 for Wisconsin measures the total number of individuals aged 0-17 living in poverty within the state of Wisconsin. This metric is critical for understanding childhood poverty and informing social welfare policies.
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 economic series tracks the total population of children and adolescents in Wisconsin who are classified as living in poverty, based on federal poverty thresholds. It provides crucial insights into the scale and demographics of childhood poverty at the state level.
Methodology
The data is collected through the U.S. Census Bureau's American Community Survey and calculated based on federal poverty guidelines.
Historical Context
Policymakers and social service organizations utilize this metric to allocate resources and design programs to support low-income families and address childhood poverty.
Key Facts
- Wisconsin's childhood poverty rate was 13.4% in 2021.
- The Poverty Universe, Age 0-17 for Wisconsin has decreased by 8.2% since 2015.
- Childhood poverty is more prevalent in urban areas of Wisconsin compared to rural regions.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of individuals aged 0-17 living in poverty within the state of Wisconsin, based on federal poverty thresholds.
Q: Why is this trend relevant for users or analysts?
A: This metric provides crucial insights into the scale and demographics of childhood poverty in Wisconsin, which is essential for designing effective social welfare policies and allocating resources to support low-income families.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Census Bureau's American Community Survey and calculated based on federal poverty guidelines.
Q: How is this trend used in economic policy?
A: Policymakers and social service organizations utilize this metric to allocate resources and design programs to support low-income families and address childhood poverty in Wisconsin.
Q: Are there update delays or limitations?
A: The data is subject to the release schedule of the American Community Survey, which may result in periodic update delays.
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Citation
U.S. Federal Reserve, Poverty Universe, Age 0-17 for Wisconsin (PUA0T17WI55000A647NCEN), retrieved from FRED.