Poverty Universe, All Ages for Maine
PUAAME23000A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,355,374.00
Year-over-Year Change
4.93%
Date Range
1/1/1998 - 1/1/2023
Summary
The Poverty Universe, All Ages for Maine measures the total population in Maine living below the federal poverty line. This metric is crucial for policymakers and economists to assess the economic well-being of Maine's residents.
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 Maine represents the total number of individuals of all ages in the state of Maine whose household income falls below the federal poverty threshold. This metric provides important insights into the extent of economic hardship and inequality within the state.
Methodology
The data is collected through the U.S. Census Bureau's annual American Community Survey.
Historical Context
Poverty data is used by government agencies and policy organizations to guide social welfare programs and economic development initiatives.
Key Facts
- Maine's poverty rate is higher than the national average.
- The poverty rate is particularly high in rural areas of the state.
- Poverty disproportionately affects certain demographic groups in Maine.
FAQs
Q: What does this economic trend measure?
A: The Poverty Universe, All Ages for Maine measures the total population in the state living below the federal poverty line.
Q: Why is this trend relevant for users or analysts?
A: This metric provides crucial insights into the extent of economic hardship and inequality within Maine, which is essential for policymakers and economists to develop effective 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 annual American Community Survey.
Q: How is this trend used in economic policy?
A: Poverty data is used by government agencies and policy organizations to guide social welfare programs and economic development initiatives.
Q: Are there update delays or limitations?
A: The Poverty Universe data is updated annually, but there may be some delays in the release of the latest figures.
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Citation
U.S. Federal Reserve, Poverty Universe, All Ages for Maine (PUAAME23000A647NCEN), retrieved from FRED.