Poverty Universe, All Ages for Connecticut
PUAACT09000A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,521,973.00
Year-over-Year Change
1.45%
Date Range
1/1/1998 - 1/1/2023
Summary
The Poverty Universe, All Ages for Connecticut measures the total number of people living in poverty in the state. This key economic indicator helps policymakers and analysts understand the scale and trends of poverty 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
This data series represents the total population living below the federal poverty line in Connecticut, regardless of age. It is a widely used metric for assessing economic hardship and evaluating the effectiveness of social programs aimed at reducing poverty.
Methodology
The U.S. Census Bureau collects this data through the annual American Community Survey.
Historical Context
Poverty data informs policy decisions around social services, infrastructure investment, and economic development programs.
Key Facts
- Connecticut's poverty rate was 10.2% in 2021.
- Poverty disproportionately affects children and the elderly.
- The poverty threshold for a family of four in 2021 was $26,500.
FAQs
Q: What does this economic trend measure?
A: The Poverty Universe, All Ages for Connecticut measures the total number of people living below the federal poverty line in the state, regardless of age.
Q: Why is this trend relevant for users or analysts?
A: Poverty data is crucial for understanding economic hardship and informing policy decisions around social services, infrastructure, and economic development.
Q: How is this data collected or calculated?
A: The U.S. Census Bureau collects this data through the annual American Community Survey.
Q: How is this trend used in economic policy?
A: Poverty data informs policy decisions around social services, infrastructure investment, and economic development programs.
Q: Are there update delays or limitations?
A: There may be delays in data reporting due to the annual survey cycle, and the data may not capture all forms of economic hardship.
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Citation
U.S. Federal Reserve, Poverty Universe, All Ages for Connecticut (PUAACT09000A647NCEN), retrieved from FRED.