Poverty Universe, Age 5-17 related for Wisconsin
PUA5T17RWI55000A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
920,440.00
Year-over-Year Change
-2.77%
Date Range
1/1/1998 - 1/1/2023
Summary
The Poverty Universe, Age 5-17 related for Wisconsin measures the number of individuals aged 5 to 17 living in poverty within the state. This metric is critical for assessing economic well-being and informing social policy 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 tracks the population of children and adolescents in Wisconsin who are classified as living in poverty based on federal poverty thresholds. It provides valuable insights into the state's economic conditions and the socioeconomic challenges facing its youngest residents.
Methodology
The data is collected through the U.S. Census Bureau's annual American Community Survey.
Historical Context
Policymakers and researchers use this metric to evaluate the effectiveness of anti-poverty initiatives and to allocate resources for programs targeting child and family welfare.
Key Facts
- The Poverty Universe, Age 5-17 in Wisconsin was 291,462 in 2021.
- The poverty rate for this age group in Wisconsin was 13.4% in 2021.
- Childhood poverty is linked to lower educational attainment and poorer health outcomes.
FAQs
Q: What does this economic trend measure?
A: The Poverty Universe, Age 5-17 related for Wisconsin measures the number of individuals aged 5 to 17 living in poverty within the state of Wisconsin.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for assessing the economic well-being of Wisconsin's children and adolescents, and for informing social policies and programs aimed at reducing poverty and supporting family welfare.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Census Bureau's annual American Community Survey.
Q: How is this trend used in economic policy?
A: Policymakers and researchers use this metric to evaluate the effectiveness of anti-poverty initiatives and to allocate resources for programs targeting child and family welfare.
Q: Are there update delays or limitations?
A: The data is published annually, with a typical update delay of around one year.
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Citation
U.S. Federal Reserve, Poverty Universe, Age 5-17 related for Wisconsin (PUA5T17RWI55000A647NCEN), retrieved from FRED.