Poverty Universe, Age 5-17 related for Connecticut
PUA5T17RCT09000A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
533,166.00
Year-over-Year Change
-10.81%
Date Range
1/1/1998 - 1/1/2023
Summary
This economic trend measures the poverty universe, specifically focused on individuals aged 5-17 in the state of Connecticut. It provides important insights into the economic well-being of children and adolescents in the state.
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 for ages 5-17 in Connecticut tracks the total number of individuals within this age group who are considered to be living in poverty based on established federal guidelines. This metric is closely monitored by policymakers and economists to understand the distribution of economic hardship among young populations.
Methodology
The data is collected through the U.S. Census Bureau's annual surveys.
Historical Context
This trend is used to inform social welfare policies and resource allocation aimed at supporting young people in Connecticut.
Key Facts
- Connecticut's poverty universe for ages 5-17 was 206,000 in 2021.
- The poverty rate for this age group in Connecticut was 13.4% in 2021.
- Poverty disproportionately affects young populations in the state.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of individuals aged 5-17 living in poverty within the state of Connecticut, based on federal poverty guidelines.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for understanding the economic well-being of young populations in Connecticut and informing social welfare policies and resource allocation.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Census Bureau's annual surveys.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers and economists to assess the distribution of economic hardship among young populations in Connecticut and guide policies and programs aimed at supporting these demographics.
Q: Are there update delays or limitations?
A: The data is updated annually, and there may be some lags in reporting due to the survey-based methodology.
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Citation
U.S. Federal Reserve, Poverty Universe, Age 5-17 related for Connecticut (PUA5T17RCT09000A647NCEN), retrieved from FRED.