Poverty Universe, All Ages for Virginia
PUAAVA51000A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8,472,709.00
Year-over-Year Change
7.87%
Date Range
1/1/1998 - 1/1/2023
Summary
The Poverty Universe, All Ages for Virginia trend measures the total population living below the poverty line in the state of Virginia. This metric is crucial for policymakers and economists to assess economic well-being and guide social 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 metric represents the total number of individuals of all ages in Virginia living below the official poverty threshold, as defined by the U.S. Census Bureau. It is a key indicator of economic hardship and inequality within the state.
Methodology
The data is collected through the U.S. Census Bureau's American Community Survey.
Historical Context
Poverty data informs policy decisions around social safety net programs, minimum wage, and economic development initiatives.
Key Facts
- Virginia's poverty rate was 10.2% in 2021.
- Poverty disproportionately affects children and the elderly in Virginia.
- The poverty universe includes both citizens and non-citizens.
FAQs
Q: What does this economic trend measure?
A: The Poverty Universe, All Ages for Virginia measures the total number of individuals of all ages living below the official poverty line in the state of Virginia.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for policymakers and economists to assess economic well-being and guide social programs aimed at reducing poverty and inequality in Virginia.
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: Poverty data informs policy decisions around social safety net programs, minimum wage, and economic development initiatives in Virginia.
Q: Are there update delays or limitations?
A: The poverty data is updated annually and may be subject to sampling and estimation errors inherent in survey-based measurements.
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Citation
U.S. Federal Reserve, Poverty Universe, All Ages for Virginia (PUAAVA51000A647NCEN), retrieved from FRED.