Poverty Universe, Age 5-17 related for South Carolina
PUA5T17RSC45000A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
835,257.00
Year-over-Year Change
9.24%
Date Range
1/1/1998 - 1/1/2023
Summary
This economic trend measures the number of people aged 5-17 living in poverty in South Carolina. It provides important insights into the well-being and economic security of children and families 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 South Carolina is a key indicator used by economists and policymakers to assess the prevalence of child poverty. It sheds light on the socioeconomic challenges faced by young people and can inform policies and programs aimed at reducing poverty and promoting greater economic opportunity.
Methodology
The data is collected and calculated by the U.S. Census Bureau through its annual surveys.
Historical Context
This trend is closely monitored by government agencies, nonprofits, and researchers to understand the economic conditions and social dynamics within South Carolina.
Key Facts
- The poverty rate for children aged 5-17 in South Carolina was 19.3% in 2021.
- Child poverty has declined in South Carolina over the past decade but remains higher than the national average.
- Reducing child poverty is a key policy goal for many stakeholders in South Carolina.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of people aged 5-17 living in poverty in the state of South Carolina. It provides insights into the economic well-being of young people and families in the state.
Q: Why is this trend relevant for users or analysts?
A: The Poverty Universe, Age 5-17 related for South Carolina is an important indicator for understanding the prevalence of child poverty and can inform policies and programs aimed at reducing poverty and promoting greater economic opportunity.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Census Bureau through its annual surveys.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by government agencies, nonprofits, and researchers to understand the economic conditions and social dynamics within South Carolina, which can inform policy decisions and resource allocation.
Q: Are there update delays or limitations?
A: The data is updated annually, and there may be some time lag between the reference period and the release of the data.
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Citation
U.S. Census Bureau, Poverty Universe, Age 5-17 related for South Carolina (PUA5T17RSC45000A647NCEN), retrieved from FRED.