Poverty Universe, Age 0-17 for West Virginia
PUA0T17WV54000A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
344,845.00
Year-over-Year Change
-8.36%
Date Range
1/1/1998 - 1/1/2023
Summary
The Poverty Universe, Age 0-17 for West Virginia measures the number of children aged 0-17 living in poverty in the state. This metric is crucial for understanding the economic well-being of families 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 children under 18 years old in West Virginia who are living below the poverty line. It is an important indicator of the socioeconomic conditions and development opportunities for the state's youngest residents.
Methodology
The data is collected and calculated annually by the U.S. Census Bureau.
Historical Context
Policymakers and social service providers use this metric to allocate resources and design programs to assist low-income families and children in West Virginia.
Key Facts
- West Virginia has one of the highest child poverty rates in the United States.
- Poverty can have long-lasting negative impacts on a child's health, education, and future economic prospects.
- Reducing child poverty is a key policy goal for improving the well-being of families in West Virginia.
FAQs
Q: What does this economic trend measure?
A: The Poverty Universe, Age 0-17 for West Virginia measures the number of children aged 0-17 living below the poverty line in the state.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for understanding the economic well-being of families and informing policy decisions aimed at supporting low-income children and their communities.
Q: How is this data collected or calculated?
A: The data is collected and calculated annually by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and social service providers use this metric to allocate resources and design programs to assist low-income families and children in West Virginia.
Q: Are there update delays or limitations?
A: The data is published annually, with a short delay to allow for collection and processing.
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Citation
U.S. Federal Reserve, Poverty Universe, Age 0-17 for West Virginia (PUA0T17WV54000A647NCEN), retrieved from FRED.