Poverty Universe, All Ages for Ohio
PUAAOH39000A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
11,479,789.00
Year-over-Year Change
2.19%
Date Range
1/1/1998 - 1/1/2023
Summary
The 'Poverty Universe, All Ages for Ohio' trend measures the total population living below the poverty line in the state of Ohio. This metric is crucial for policymakers and economists to assess economic well-being and the effectiveness of anti-poverty 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 number of people of all ages living in poverty within the state of Ohio. It is a key indicator of economic hardship and is used to guide social welfare policies and investments aimed at reducing poverty and income inequality.
Methodology
The data is collected through the U.S. Census Bureau's annual American Community Survey.
Historical Context
Policymakers and economists closely monitor this trend to evaluate the success of government programs and inform decisions on social safety net investments.
Key Facts
- Ohio's poverty rate was 13.8% in 2021.
- The poverty universe in Ohio has declined by 10% since 2015.
- Poverty disproportionately affects children and racial minorities in Ohio.
FAQs
Q: What does this economic trend measure?
A: The 'Poverty Universe, All Ages for Ohio' measures the total number of people living below the poverty line in the state of Ohio.
Q: Why is this trend relevant for users or analysts?
A: This trend is crucial for policymakers and economists to assess economic hardship and the effectiveness of anti-poverty programs in Ohio.
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: Policymakers and economists use this trend to evaluate the success of government programs and inform decisions on social safety net investments.
Q: Are there update delays or limitations?
A: The data is published annually with a slight delay, and may not capture short-term fluctuations in poverty levels.
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Citation
U.S. Federal Reserve, Poverty Universe, All Ages for Ohio (PUAAOH39000A647NCEN), retrieved from FRED.