Poverty Universe, Age 5-17 related for Minnesota
PUA5T17RMN27000A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
956,339.00
Year-over-Year Change
5.47%
Date Range
1/1/1998 - 1/1/2023
Summary
The Poverty Universe, Age 5-17 related for Minnesota tracks the number of persons aged 5 to 17 living in poverty in the state. This metric is crucial for understanding child poverty levels and informing social policy.
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 total number of individuals aged 5 to 17 living below the poverty line in Minnesota. It is an important indicator of economic hardship and well-being for children and families in the state.
Methodology
The data is collected through the U.S. Census Bureau's American Community Survey.
Historical Context
Policymakers and social service organizations use this poverty metric to allocate resources and design programs to support low-income families and children.
Key Facts
- Minnesota's child poverty rate has declined in recent years.
- Poverty disproportionately affects certain demographic groups in the state.
- Reducing child poverty is a key goal for many Minnesota policymakers.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of persons aged 5 to 17 living in poverty in the state of Minnesota.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for understanding the extent of child poverty and informing social policies and programs to support low-income families and children in Minnesota.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Census Bureau's American Community Survey.
Q: How is this trend used in economic policy?
A: Policymakers and social service organizations use this poverty metric to allocate resources and design programs to support low-income families and children in Minnesota.
Q: Are there update delays or limitations?
A: The data is updated annually, and there may be some delays in the most recent information being available.
Related Trends
Chain-Type Quantity Index for Real GDP: Accommodation and Food Services (72) in Minnesota
MNACCOMDQQGSP
Industrial Carbon Dioxide Emissions, Natural Gas for Minnesota
EMISSCO2TOTVICNGMNA
Employment Level for Minnesota
EMPLOYMN
State Government Tax Collections, Alcoholic Beverages Licenses in Minnesota
MNALCLICTAX
Average Weekly Earnings of Production Employees: Wholesale Trade in Minnesota
SMU27000004100000030
Gross Domestic Product: Miscellaneous Manufacturing (339) in Minnesota
MNMISCMANNGSP
Citation
U.S. Census Bureau, Poverty Universe, Age 5-17 related for Minnesota (PUA5T17RMN27000A647NCEN), retrieved from FRED.