Estimated Percent of People Age 0-17 in Poverty for West Virginia
PPU18WV54000A156NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
19.60
Year-over-Year Change
-24.90%
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 West Virginia. It provides critical insights into child poverty levels, which are key indicators of economic and social wellbeing.
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 West Virginia metric tracks the share of the state's youth population living below the federal poverty line. This data point is widely used by policymakers, researchers, and social service providers to understand hardships facing low-income families and children.
Methodology
The data is collected through the U.S. Census Bureau's American Community Survey.
Historical Context
Trends in childhood poverty levels inform decisions around social programs, education funding, and economic development initiatives.
Key Facts
- West Virginia has one of the highest childhood poverty rates in the U.S.
- The state's child poverty rate has remained persistently above the national average.
- Reducing childhood poverty is a key policy priority for West Virginia.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the estimated percentage of people aged 0-17 living below the federal poverty line in the state of West Virginia.
Q: Why is this trend relevant for users or analysts?
A: Childhood poverty levels are a critical indicator of economic and social wellbeing, informing policy decisions around social programs, education, and economic development.
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: Trends in childhood poverty levels in West Virginia are used by policymakers, researchers, and social service providers to understand hardships facing low-income families and children.
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, Estimated Percent of People Age 0-17 in Poverty for West Virginia (PPU18WV54000A156NCEN), retrieved from FRED.