Poverty Universe, Age 0-4 for West Virginia
PUA0T4WV54000A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
85,309.00
Year-over-Year Change
-15.47%
Date Range
1/1/1998 - 1/1/2023
Summary
This economic trend measures the number of children aged 0-4 living in poverty in West Virginia. Tracking child poverty rates is crucial for policymakers focused on improving child welfare and economic opportunity.
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 0-4 for West Virginia series tracks the total number of children between 0-4 years old living below the poverty line in the state. This data is used by economists, social scientists, and policymakers to understand patterns of childhood poverty and guide programs aimed at supporting low-income families.
Methodology
The data is collected annually through the U.S. Census Bureau's American Community Survey.
Historical Context
Trends in childhood poverty provide important context for economic and social policy decisions.
Key Facts
- West Virginia has one of the highest childhood poverty rates in the U.S.
- Child poverty declined in West Virginia from 2010 to 2019 but remains a persistent challenge.
- Poverty disproportionately impacts young children in the state.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of children aged 0-4 living below the poverty line in West Virginia.
Q: Why is this trend relevant for users or analysts?
A: Tracking childhood poverty rates is crucial for understanding economic and social challenges facing low-income families and designing effective policies and programs.
Q: How is this data collected or calculated?
A: The data is collected annually through the U.S. Census Bureau's American Community Survey.
Q: How is this trend used in economic policy?
A: Trends in childhood poverty provide important context for policymakers focused on improving child welfare and creating economic opportunities for low-income families.
Q: Are there update delays or limitations?
A: The data is updated annually, but there may be a 1-2 year delay in the most recent figures being available.
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Citation
U.S. Federal Reserve, Poverty Universe, Age 0-4 for West Virginia (PUA0T4WV54000A647NCEN), retrieved from FRED.