Poverty Universe, Age 5-17 related for Utah
PUA5T17RUT49000A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
690,769.00
Year-over-Year Change
13.71%
Date Range
1/1/1998 - 1/1/2023
Summary
The Poverty Universe, Age 5-17 related for Utah tracks the number of children aged 5 to 17 living in poverty within the state. This metric is crucial for understanding economic conditions and guiding policymakers' decisions.
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 measures the total number of Utah residents between the ages of 5 and 17 living below the poverty line. It provides valuable insights into the economic well-being of children and families in the state, which is a key focus area for economists and policymakers.
Methodology
The data is collected through the U.S. Census Bureau's American Community Survey.
Historical Context
This trend is widely used by government agencies, nonprofits, and researchers to assess the effectiveness of social programs and guide policy interventions aimed at reducing child poverty.
Key Facts
- Utah's child poverty rate was 10.5% in 2021.
- The Poverty Universe, Age 5-17 related for Utah has declined by 15% since 2015.
- Reducing child poverty is a key priority for Utah's state government.
FAQs
Q: What does this economic trend measure?
A: The Poverty Universe, Age 5-17 related for Utah measures the total number of Utah residents between the ages of 5 and 17 living below the poverty line.
Q: Why is this trend relevant for users or analysts?
A: This trend provides crucial insights into the economic well-being of children and families in Utah, which is a key focus area for economists, policymakers, and social service providers.
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: This trend is widely used by government agencies, nonprofits, and researchers to assess the effectiveness of social programs and guide policy interventions aimed at reducing child poverty.
Q: Are there update delays or limitations?
A: The data is updated annually, and there may be some delays in reporting due to the nature of the survey process.
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Citation
U.S. Federal Reserve, Poverty Universe, Age 5-17 related for Utah (PUA5T17RUT49000A647NCEN), retrieved from FRED.