Poverty Universe, All Ages for Alabama
PUAAAL01000A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,960,864.00
Year-over-Year Change
5.84%
Date Range
1/1/1998 - 1/1/2023
Summary
The Poverty Universe, All Ages for Alabama measures the total number of individuals of all ages living in poverty within the state of Alabama. This economic indicator is important for understanding the social and economic well-being of the population.
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, All Ages for Alabama tracks the total count of individuals living below the federal poverty line within the state. This data is used by policymakers, researchers, and social service providers to assess the prevalence and distribution of poverty and guide targeted interventions.
Methodology
The data is collected and calculated by the U.S. Census Bureau through the American Community Survey.
Historical Context
This economic trend is relevant for informing poverty reduction efforts, social policy, and resource allocation decisions at the state level.
Key Facts
- Alabama had a poverty rate of 16.8% in 2021.
- Poverty disproportionately affects children and the elderly in Alabama.
- The Poverty Universe data is released annually by the U.S. Census Bureau.
FAQs
Q: What does this economic trend measure?
A: The Poverty Universe, All Ages for Alabama measures the total number of individuals of all ages living in poverty within the state of Alabama.
Q: Why is this trend relevant for users or analysts?
A: This economic indicator is important for understanding the social and economic well-being of the population and informing poverty reduction efforts, social policy, and resource allocation decisions at the state level.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Census Bureau through the American Community Survey.
Q: How is this trend used in economic policy?
A: The Poverty Universe data is used by policymakers, researchers, and social service providers to assess the prevalence and distribution of poverty and guide targeted interventions.
Q: Are there update delays or limitations?
A: The Poverty Universe data is released annually by the U.S. Census Bureau, so there may be a lag in the most recent data available.
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Citation
U.S. Federal Reserve, Poverty Universe, All Ages for Alabama (PUAAAL01000A647NCEN), retrieved from FRED.