Poverty Universe, All Ages for Maryland
PUAAMD24000A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6,048,679.00
Year-over-Year Change
6.39%
Date Range
1/1/1998 - 1/1/2023
Summary
The Poverty Universe, All Ages for Maryland measures the total number of people living in poverty within the state. This metric is crucial for policymakers and economists to assess the economic well-being of Maryland's 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 Maryland represents the total count of individuals of all ages living below the poverty line in the state. This data is used to understand the prevalence and distribution of poverty, informing social welfare programs and economic development initiatives.
Methodology
The data is collected through the U.S. Census Bureau's American Community Survey.
Historical Context
This metric provides important context for evaluating the overall economic health and social conditions within Maryland.
Key Facts
- Maryland's poverty rate was 9.4% in 2021.
- Poverty affects more than 550,000 Marylanders of all ages.
- The poverty rate in Maryland is lower than the national average.
FAQs
Q: What does this economic trend measure?
A: The Poverty Universe, All Ages for Maryland measures the total number of people living in poverty within the state, regardless of age.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for policymakers and economists to assess the economic well-being of Maryland's population and inform social welfare programs and economic development initiatives.
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 metric provides important context for evaluating the overall economic health and social conditions within Maryland, which can inform policy decisions and resource allocation.
Q: Are there update delays or limitations?
A: The data is subject to the update schedule and potential limitations of the American Community Survey.
Related Trends
Average Hourly Earnings of All Employees: Financial Activities in Maryland
SMU24000005500000003A
Gross Domestic Product: Printing and Related Support Activities (323) in Maryland
MDPRNTNGSP
Number of Civilians Unemployed for 15 Weeks or Longer for Maryland
UNEMP15MD
90% Confidence Interval Lower Bound of Estimate of Percent of People Age 0-17 in Poverty for Maryland
PPCILBU18MD24000A156NCEN
All Employees: Retail Trade: Health and Personal Care Retailers in Maryland
SMU24000004245600001
All Employees: Financial Activities: Insurance Carriers in Maryland
SMU24000005552410001
Citation
U.S. Federal Reserve, Poverty Universe, All Ages for Maryland (PUAAMD24000A647NCEN), retrieved from FRED.