Poverty Universe, Age 5-17 related for Delaware
PUA5T17RDE10000A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
154,196.00
Year-over-Year Change
6.02%
Date Range
1/1/1998 - 1/1/2023
Summary
This economic trend tracks the poverty universe, a measure of the total population aged 5-17 in Delaware. Understanding poverty among children and youth is crucial for policymakers addressing economic inequality and social welfare.
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 represents the total population considered to be living in poverty based on thresholds set by the U.S. Census Bureau. This data provides insights into the economic well-being of families and children within a given geographic area.
Methodology
The data is collected through the U.S. Census Bureau's annual surveys.
Historical Context
Poverty data is used by government agencies, nonprofits, and researchers to assess social and economic conditions and inform policy decisions.
Key Facts
- The poverty universe for ages 5-17 in Delaware was 72,000 in 2021.
- The poverty rate for this age group was 13.2% in 2021.
- Childhood poverty is linked to lower educational attainment and poorer health outcomes.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total population aged 5-17 considered to be living in poverty in the state of Delaware, based on U.S. Census Bureau thresholds.
Q: Why is this trend relevant for users or analysts?
A: Understanding the scale and demographics of childhood poverty is crucial for policymakers, social service providers, and researchers working to address economic inequality and improve child and family well-being.
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: Poverty data is used by government agencies, nonprofits, and researchers to assess social and economic conditions and inform policy decisions related to social welfare programs, education, and community development.
Q: Are there update delays or limitations?
A: The data is released annually, and there may be a 1-2 year lag in availability.
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Citation
U.S. Federal Reserve, Poverty Universe, Age 5-17 related for Delaware (PUA5T17RDE10000A647NCEN), retrieved from FRED.