Poverty Universe, Age 5-17 related for Virginia
PUA5T17RVA51000A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,370,025.00
Year-over-Year Change
3.63%
Date Range
1/1/1998 - 1/1/2023
Summary
The Poverty Universe, Age 5-17 related for Virginia is a key economic indicator that measures the total number of people aged 5 to 17 living in poverty within the state of Virginia. This metric is vital for policymakers and economists to assess the financial well-being 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
This data series represents the estimated total number of Virginia residents between the ages of 5 and 17 who fall below the federal poverty line. Understanding childhood poverty levels is crucial for evaluating the state's economic and social conditions, as well as informing policy decisions related to education, social services, and economic development.
Methodology
The data is collected and calculated by the U.S. Census Bureau through household surveys and administrative records.
Historical Context
This poverty metric is widely used by government agencies, research institutions, and nonprofit organizations to analyze economic trends and inform policy initiatives targeting child and family well-being in Virginia.
Key Facts
- Virginia's childhood poverty rate was 14.5% in 2021.
- The Poverty Universe, Age 5-17 related for Virginia reached a high of 270,000 in 2010.
- Poverty disproportionately affects certain demographic groups in Virginia, including racial minorities and single-parent households.
FAQs
Q: What does this economic trend measure?
A: The Poverty Universe, Age 5-17 related for Virginia measures the total number of people aged 5 to 17 living in poverty within the state.
Q: Why is this trend relevant for users or analysts?
A: Understanding childhood poverty levels in Virginia is crucial for evaluating the state's economic and social conditions, as well as informing policy decisions related to education, social services, and economic development.
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 poverty metric is widely used by government agencies, research institutions, and nonprofit organizations to analyze economic trends and inform policy initiatives targeting child and family well-being in Virginia.
Q: Are there update delays or limitations?
A: The data is published annually, with a delay of approximately one year, and may be subject to revisions based on updated survey and administrative data.
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Citation
U.S. Federal Reserve, Poverty Universe, Age 5-17 related for Virginia (PUA5T17RVA51000A647NCEN), retrieved from FRED.