Estimated Percent of People Age 0-17 in Poverty for Virginia
PPU18VA51000A156NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
12.70
Year-over-Year Change
-18.59%
Date Range
1/1/1989 - 1/1/2023
Summary
This economic trend measures the estimated percentage of people aged 0-17 living in poverty in the state of Virginia. It provides valuable insights into the well-being and economic circumstances of Virginia's youth 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 Estimated Percent of People Age 0-17 in Poverty for Virginia is a key indicator used by economists, policymakers, and social service providers to assess the financial security and access to resources for children and adolescents in the state. It helps inform decisions and programs aimed at reducing childhood poverty.
Methodology
This data is collected and calculated by the U.S. Census Bureau through household surveys and administrative records.
Historical Context
Tracking trends in childhood poverty is crucial for understanding the economic and social conditions that affect young people and their families in Virginia.
Key Facts
- Virginia's childhood poverty rate was 12.5% in 2021.
- Poverty disproportionately affects minority youth in Virginia.
- Reducing childhood poverty is a key policy goal in the state.
FAQs
Q: What does this economic trend measure?
A: This trend measures the estimated percentage of people aged 0-17 living in poverty in the state of Virginia.
Q: Why is this trend relevant for users or analysts?
A: Tracking childhood poverty is crucial for understanding the economic and social conditions affecting young people and families in Virginia, which informs policy decisions and social programs.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Census Bureau through household surveys and administrative records.
Q: How is this trend used in economic policy?
A: This trend is used by economists, policymakers, and social service providers to assess the financial security and access to resources for children and adolescents in Virginia, informing decisions and programs aimed at reducing childhood poverty.
Q: Are there update delays or limitations?
A: The data is subject to the survey and reporting schedules of the U.S. Census Bureau, which may result in occasional update delays.
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Citation
U.S. Census Bureau, Estimated Percent of People Age 0-17 in Poverty for Virginia (PPU18VA51000A156NCEN), retrieved from FRED.