Poverty Universe, Age 0-4 for Maryland
PUA0T4MD24000A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
339,391.00
Year-over-Year Change
-4.84%
Date Range
1/1/1998 - 1/1/2023
Summary
The Poverty Universe, Age 0-4 for Maryland measures the number of children aged 0-4 living in poverty within the state of Maryland. This metric is crucial for policymakers and economists to understand the economic challenges facing young families.
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 Maryland children aged 0-4 who are living below the federal poverty line. It provides valuable insight into the well-being and economic security of young families in the state, which is an important consideration for social welfare programs and economic development initiatives.
Methodology
The data is collected through the U.S. Census Bureau's American Community Survey.
Historical Context
Trends in childhood poverty can inform policy decisions related to education, healthcare, and family support programs.
Key Facts
- Maryland has over 400,000 children aged 0-4.
- Childhood poverty rate in Maryland is around 15%.
- Poverty disproportionately affects young minority children in the state.
FAQs
Q: What does this economic trend measure?
A: The Poverty Universe, Age 0-4 for Maryland measures the number of children aged 0-4 living below the federal poverty line within the state.
Q: Why is this trend relevant for users or analysts?
A: This metric provides crucial insight into the economic security and well-being of young families in Maryland, which is essential for informing social welfare policies and economic development initiatives.
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 can inform policy decisions related to education, healthcare, and family support programs in Maryland.
Q: Are there update delays or limitations?
A: The data is subject to the update schedule and methodological limitations of the American Community Survey.
Related Trends
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Gross Domestic Product: Real Estate (531) in Maryland
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Per Capita Personal Consumption Expenditures: Services: Household Consumption Expenditures for Services for Maryland
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All Employees: Government: Local Government Educational Services in Maryland
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All Employees: Private Service Providing in Maryland
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Real Gross Domestic Product: Real Estate (531) in Maryland
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Citation
U.S. Federal Reserve, Poverty Universe, Age 0-4 for Maryland (PUA0T4MD24000A647NCEN), retrieved from FRED.