Poverty Universe, All Ages for Wisconsin
PUAAWI55000A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,781,488.00
Year-over-Year Change
4.09%
Date Range
1/1/1998 - 1/1/2023
Summary
The Poverty Universe, All Ages for Wisconsin measures the total number of people living in poverty in the state. This statistic is crucial for policymakers and economists to understand the economic well-being of Wisconsin'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 Wisconsin represents the total number of individuals in the state living below the defined poverty threshold. This data is used to assess the prevalence and distribution of poverty and guide policy decisions aimed at reducing economic hardship.
Methodology
The data is collected through the U.S. Census Bureau's American Community Survey.
Historical Context
Poverty data informs federal and state programs that provide assistance to low-income individuals and families.
Key Facts
- Wisconsin's poverty rate was 10.4% in 2021.
- Poverty disproportionately affects certain demographics in Wisconsin.
- Reducing poverty is a key policy goal for the state government.
FAQs
Q: What does this economic trend measure?
A: The Poverty Universe, All Ages for Wisconsin measures the total number of people living in poverty in the state.
Q: Why is this trend relevant for users or analysts?
A: This data is crucial for policymakers and economists to understand the economic well-being of Wisconsin's population and guide policies aimed at reducing poverty.
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 federal and state programs that provide assistance to low-income individuals and families.
Q: Are there update delays or limitations?
A: The data is released annually with a delay of approximately one year.
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Citation
U.S. Federal Reserve, Poverty Universe, All Ages for Wisconsin (PUAAWI55000A647NCEN), retrieved from FRED.