Poverty Universe, Age 5-17 related for West Virginia
PUA5T17RWV54000A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
258,373.00
Year-over-Year Change
-5.20%
Date Range
1/1/1998 - 1/1/2023
Summary
This economic trend measures the poverty universe for individuals aged 5-17 in the state of West Virginia. Understanding poverty rates among this demographic is crucial for policymakers and researchers examining social welfare and economic development in the region.
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 in poverty based on the official poverty definition. This data provides important insights into the economic well-being and access to resources for children and adolescents in West Virginia, which can inform social programs and policies.
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, non-profits, and academic researchers to analyze poverty and socioeconomic conditions in West Virginia.
Key Facts
- The poverty universe for ages 5-17 in West Virginia was 110,000 in 2021.
- West Virginia had the 3rd highest child poverty rate in the U.S. in 2021.
- Poverty rates are higher in rural areas of West Virginia compared to urban areas.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total population aged 5-17 considered to be in poverty in the state of West Virginia based on the official poverty definition.
Q: Why is this trend relevant for users or analysts?
A: Understanding poverty rates among children and adolescents is crucial for policymakers and researchers examining social welfare, economic development, and access to resources in West Virginia.
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, non-profits, and academic researchers to analyze poverty and socioeconomic conditions in West Virginia, which can inform social programs and policies.
Q: Are there update delays or limitations?
A: The data is published annually with a delay of approximately one year.
Related Trends
Projected Business Formations Within Four Quarters: Total for All NAICS in West Virginia
BFPBF4QTOTALNSAWV
Average Weekly Earnings of All Employees: Leisure and Hospitality in West Virginia
SMU54000007000000011A
Monthly State Retail Sales: Furniture and Home Furnishings Stores in West Virginia
MSRSWV442
Chain-Type Quantity Index for Real GDP: Real Estate (531) in West Virginia
WVREALQGSP
Transportation Carbon Dioxide Emissions, Lubricants for West Virginia
EMISSCO2VLUACBWVA
Real Gross Domestic Product: Food and Beverage and Tobacco Product Manufacturing (311-312) in West Virginia
WVFOODBEVTOBMANRGSP
Citation
U.S. Federal Reserve, Poverty Universe, Age 5-17 related for West Virginia (PUA5T17RWV54000A647NCEN), retrieved from FRED.