Poverty Universe, All Ages for South Carolina
PUAASC45000A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,231,348.00
Year-over-Year Change
15.27%
Date Range
1/1/1998 - 1/1/2023
Summary
The 'Poverty Universe, All Ages for South Carolina' measures the total population living below the federal poverty line in South Carolina. This key economic indicator helps policymakers and researchers understand the level of economic hardship and need within the state.
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 tracks the total number of people of all ages in South Carolina living in households with incomes below the federal poverty threshold. It is an important measure of economic wellbeing and inequality that informs social programs and policy decisions.
Methodology
The data is collected through the U.S. Census Bureau's American Community Survey.
Historical Context
Policymakers and economists use this data to assess the prevalence of poverty and target resources for anti-poverty initiatives in South Carolina.
Key Facts
- South Carolina's poverty rate for all ages was 15.7% in 2021.
- The total number of people in poverty in South Carolina was 804,302 in 2021.
- Poverty disproportionately affects children, with a 21.8% child poverty rate in 2021.
FAQs
Q: What does this economic trend measure?
A: This data series tracks the total number of people of all ages in South Carolina living in households with incomes below the federal poverty threshold.
Q: Why is this trend relevant for users or analysts?
A: This is an important measure of economic wellbeing and inequality that informs social programs and policy decisions in South Carolina.
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 and economists use this data to assess the prevalence of poverty and target resources for anti-poverty initiatives in South Carolina.
Q: Are there update delays or limitations?
A: The data is published annually with a delay of approximately one year.
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Citation
U.S. Federal Reserve, Poverty Universe, All Ages for South Carolina (PUAASC45000A647NCEN), retrieved from FRED.