Poverty Universe, Age 0-4 for Washington
PUA0T4WA53000A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
408,468.00
Year-over-Year Change
-5.05%
Date Range
1/1/1998 - 1/1/2023
Summary
The Poverty Universe, Age 0-4 for Washington trend measures the number of children aged 0-4 living in poverty within the state of Washington. This metric is crucial for policymakers and economists to assess the well-being of young children and inform targeted social programs.
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 represents the estimated number of children aged 0-4 in Washington who are living below the poverty line, as defined by the U.S. Census Bureau. It provides important insights into the economic circumstances of the state's youngest residents and helps guide decision-making on issues like early childhood education, healthcare, and family support initiatives.
Methodology
The data is collected through the U.S. Census Bureau's annual American Community Survey.
Historical Context
Trends in child poverty are closely monitored by policymakers, social service organizations, and economists to identify areas of need and evaluate the effectiveness of poverty reduction programs.
Key Facts
- Washington's child poverty rate for ages 0-4 was 14.7% in 2021.
- The Poverty Universe trend shows a decline in young child poverty in Washington since 2015.
- Reducing childhood poverty is a key policy goal to promote child well-being and economic mobility.
FAQs
Q: What does this economic trend measure?
A: The Poverty Universe, Age 0-4 for Washington trend measures the number of children aged 0-4 living in poverty within the state of Washington.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for policymakers and economists to assess the well-being of young children and inform targeted social programs aimed at reducing childhood poverty.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Census Bureau's annual American Community Survey.
Q: How is this trend used in economic policy?
A: Trends in child poverty are closely monitored by policymakers, social service organizations, and economists to identify areas of need and evaluate the effectiveness of poverty reduction programs.
Q: Are there update delays or limitations?
A: The Poverty Universe data is updated annually, with a delay of approximately one year between the reference period and public release.
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Citation
U.S. Federal Reserve, Poverty Universe, Age 0-4 for Washington (PUA0T4WA53000A647NCEN), retrieved from FRED.