Poverty Universe, Age 5-17 related for Rhode Island
PUA5T17RRI44000A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
148,073.00
Year-over-Year Change
-7.84%
Date Range
1/1/1998 - 1/1/2023
Summary
This economic trend measures the poverty universe for children aged 5-17 in Rhode Island. It provides important insights into the economic well-being of families and communities 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, Age 5-17 related for Rhode Island captures the total number of individuals between the ages of 5 and 17 who live in households with incomes below the federal poverty line. This statistic is a key indicator of childhood poverty and economic hardship within a specific geographic region.
Methodology
The data is collected and calculated annually by the U.S. Census Bureau through household surveys.
Historical Context
This trend is widely used by policymakers, social service providers, and economists to inform decisions and programs related to poverty alleviation and child welfare.
Key Facts
- Rhode Island's poverty universe for ages 5-17 was 66,984 in 2021.
- The poverty rate for this age group in Rhode Island was 13.7% in 2021.
- Childhood poverty is linked to negative outcomes in education, health, and future economic mobility.
FAQs
Q: What does this economic trend measure?
A: The Poverty Universe, Age 5-17 related for Rhode Island measures the total number of individuals between the ages of 5 and 17 who live in households with incomes below the federal poverty line in the state of Rhode Island.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the economic well-being of families and communities in Rhode Island, and is widely used by policymakers, social service providers, and economists to inform decisions and programs related to poverty alleviation and child welfare.
Q: How is this data collected or calculated?
A: The data is collected and calculated annually by the U.S. Census Bureau through household surveys.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, social service providers, and economists to inform decisions and programs related to poverty alleviation and child welfare in Rhode Island.
Q: Are there update delays or limitations?
A: The data is updated annually, with a delay of approximately one year.
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Citation
U.S. Census Bureau, Poverty Universe, Age 5-17 related for Rhode Island (PUA5T17RRI44000A647NCEN), retrieved from FRED.