Estimated Percent of Related Children Age 5-17 in Families in Poverty for Utah
PP5T17UT49000A156NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8.80
Year-over-Year Change
-40.94%
Date Range
1/1/1989 - 1/1/2023
Summary
This economic trend estimates the percentage of related children aged 5-17 living in families below the poverty line in Utah. It provides valuable insights into child poverty levels 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
The Estimated Percent of Related Children Age 5-17 in Families in Poverty for Utah measures the share of children in low-income households, a key indicator of economic hardship and wellbeing. This data helps policymakers and researchers understand trends in child poverty across different regions.
Methodology
The U.S. Census Bureau collects and calculates this data annually based on survey responses.
Historical Context
This metric is widely used to inform social welfare policies and program allocations targeting child poverty.
Key Facts
- Utah's child poverty rate was 10.5% in 2021.
- The national child poverty rate was 16.9% in 2021.
- Poverty disproportionately impacts children of color in the U.S.
FAQs
Q: What does this economic trend measure?
A: This metric estimates the percentage of related children aged 5-17 living in families with incomes below the federal poverty line in Utah.
Q: Why is this trend relevant for users or analysts?
A: Child poverty is a key indicator of economic hardship and wellbeing, with significant implications for education, health, and social outcomes. This data helps policymakers and researchers understand trends in child poverty within Utah.
Q: How is this data collected or calculated?
A: The U.S. Census Bureau collects this data annually through household surveys and calculates the poverty rate based on family income relative to federal poverty thresholds.
Q: How is this trend used in economic policy?
A: This metric informs policies and programs aimed at reducing child poverty, such as social assistance, education initiatives, and family support services. It helps target resources and monitor progress in improving child welfare outcomes.
Q: Are there update delays or limitations?
A: This data is published annually with a slight delay, typically 1-2 years after the reference year. It may not capture short-term fluctuations in child poverty levels.
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Citation
U.S. Federal Reserve, Estimated Percent of Related Children Age 5-17 in Families in Poverty for Utah (PP5T17UT49000A156NCEN), retrieved from FRED.