Estimate of People Age 0-17 in Poverty in Massachusetts
PEU18MA25000A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
167,647.00
Year-over-Year Change
-21.29%
Date Range
1/1/1989 - 1/1/2023
Summary
The Estimate of People Age 0-17 in Poverty in Massachusetts measures the number of children under 18 living below the poverty line in the state. This metric is crucial for assessing economic hardship and informing policy decisions.
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 tracks the population of minors in Massachusetts who are considered to be living in poverty based on federal income thresholds. The data is used by economists and policymakers to understand the scale and demographics of child poverty in the state.
Methodology
The data is collected through the U.S. Census Bureau's annual Current Population Survey.
Historical Context
This economic indicator helps inform social welfare programs and poverty alleviation efforts at the state level.
Key Facts
- Over 300,000 children in Massachusetts live in poverty.
- The child poverty rate in Massachusetts is around 15%.
- Poverty disproportionately impacts communities of color in the state.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the number of individuals under age 18 living below the federal poverty line in the state of Massachusetts.
Q: Why is this trend relevant for users or analysts?
A: Child poverty is a key metric for understanding economic hardship and guiding social welfare policies in the state.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Census Bureau's annual Current Population Survey.
Q: How is this trend used in economic policy?
A: This indicator helps inform the design and funding of programs aimed at reducing poverty and supporting low-income families in Massachusetts.
Q: Are there update delays or limitations?
A: The data is updated annually, with a slight delay due to the time required for collection and processing.
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Citation
U.S. Federal Reserve, Estimate of People Age 0-17 in Poverty in Massachusetts (PEU18MA25000A647NCEN), retrieved from FRED.