Estimated Percent of People Under Age 5 in Poverty for Ohio
PP0T4OH39000A156NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
18.60
Year-over-Year Change
-36.73%
Date Range
1/1/1989 - 1/1/2023
Summary
This trend estimates the percentage of people under age 5 living in poverty in the state of Ohio. It provides important insights into child poverty and economic hardship.
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 Estimated Percent of People Under Age 5 in Poverty for Ohio tracks the proportion of young children living below the federal poverty line in the state. This metric helps policymakers and researchers understand the challenges facing low-income families and target interventions accordingly.
Methodology
The data is calculated using the U.S. Census Bureau's American Community Survey.
Historical Context
This poverty rate statistic informs discussions around social welfare, early childhood programs, and economic inequality.
Key Facts
- Ohio's child poverty rate was 18.5% in 2020.
- The national child poverty rate is significantly lower at 15.7%.
- Poverty disproportionately affects young children in the state.
FAQs
Q: What does this economic trend measure?
A: This trend estimates the percentage of children under age 5 living in poverty in the state of Ohio.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into child poverty and economic hardship, informing policy discussions and interventions.
Q: How is this data collected or calculated?
A: The data is calculated using the U.S. Census Bureau's American Community Survey.
Q: How is this trend used in economic policy?
A: This poverty rate statistic informs discussions around social welfare, early childhood programs, and economic inequality.
Q: Are there update delays or limitations?
A: The data is released annually with a lag, and may not capture the most recent economic conditions.
Related Trends
Personal Consumption Expenditures: Services: Final Consumption Expenditures of Nonprofit Institutions Serving Households for Ohio
OHPCEFCENPISH
Per Capita Personal Consumption Expenditures: Goods: Durable Goods: Recreational Goods and Vehicles for Ohio
OHPCEPCRECGD
Gross Domestic Product: Finance and Insurance (52) in Ohio
OHFININSNQGSP
Gross Domestic Product: Real Estate (531) in Ohio
OHREALNGSP
Average Weekly Earnings of All Employees: Financial Activities in Ohio
SMU39000005500000011
Housing Inventory: Median Listing Price per Square Feet Month-Over-Month in Ohio
MEDLISPRIPERSQUFEEMMOH
Citation
U.S. Federal Reserve, Estimated Percent of People Under Age 5 in Poverty for Ohio (PP0T4OH39000A156NCEN), retrieved from FRED.