Poverty Universe, All Ages for Delaware
PUAADE10000A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,007,029.00
Year-over-Year Change
14.13%
Date Range
1/1/1998 - 1/1/2023
Summary
The 'Poverty Universe, All Ages for Delaware' measures the total number of people living in poverty in the state of Delaware, regardless of age. This metric is crucial for policymakers and economists to understand the extent of economic hardship and inform social welfare programs.
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 represents the total population living below the poverty line in Delaware, including individuals of all ages. It is an important indicator of the state's economic well-being and can help guide the allocation of resources and development of policies aimed at reducing poverty.
Methodology
The data is collected through the U.S. Census Bureau's American Community Survey.
Historical Context
Policymakers use this trend to monitor the effectiveness of anti-poverty initiatives and make data-driven decisions about social safety net programs.
Key Facts
- The poverty rate in Delaware was 11.4% in 2021.
- Poverty disproportionately affects children and the elderly in Delaware.
- Reducing poverty is a key policy goal for the state government.
FAQs
Q: What does this economic trend measure?
A: The 'Poverty Universe, All Ages for Delaware' measures the total number of people living in poverty in the state of Delaware, regardless of age.
Q: Why is this trend relevant for users or analysts?
A: This trend is crucial for policymakers and economists to understand the extent of economic hardship in Delaware and inform social welfare programs aimed at reducing poverty.
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: Policymakers use this trend to monitor the effectiveness of anti-poverty initiatives and make data-driven decisions about social safety net programs in Delaware.
Q: Are there update delays or limitations?
A: The data is typically released annually with a slight delay, and may be subject to sampling and estimation uncertainties.
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Citation
U.S. Federal Reserve, Poverty Universe, All Ages for Delaware (PUAADE10000A647NCEN), retrieved from FRED.