Poverty Universe, Age 5-17 related for Ohio
PUA5T17ROH39000A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,872,199.00
Year-over-Year Change
-3.38%
Date Range
1/1/1998 - 1/1/2023
Summary
This data series tracks the poverty universe, a measure of the total population aged 5-17 in Ohio. It provides important insights into child poverty levels in the state, which are critical for policymakers and social service providers.
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 metric is widely used to understand the scale and distribution of poverty, especially among vulnerable populations like children and adolescents.
Methodology
The data is collected through the U.S. Census Bureau's American Community Survey.
Historical Context
Trends in the poverty universe help inform social welfare programs, educational initiatives, and economic development policies at the state level.
Key Facts
- The poverty universe for Ohio children aged 5-17 was 590,000 in 2021.
- The poverty rate for this age group in Ohio was 16.5% in 2021.
- Poverty disproportionately affects racial minorities and rural communities in Ohio.
FAQs
Q: What does this economic trend measure?
A: This data series tracks the total population aged 5-17 in Ohio who are considered to be living in poverty based on federal thresholds.
Q: Why is this trend relevant for users or analysts?
A: Trends in the poverty universe for children and adolescents provide critical insights into the scale and distribution of poverty, which is essential for policymakers, social service providers, and researchers working to address child poverty.
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: Poverty universe data informs social welfare programs, educational initiatives, and economic development policies at the state level.
Q: Are there update delays or limitations?
A: The data is published annually with a slight delay, and may be subject to sampling and estimation error inherent in survey-based measures.
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Citation
U.S. Federal Reserve, Poverty Universe, Age 5-17 related for Ohio (PUA5T17ROH39000A647NCEN), retrieved from FRED.