Estimate of People Under Age 5 in Poverty for Colorado
PE0T4CO08000A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
33,105.00
Year-over-Year Change
-53.38%
Date Range
1/1/1989 - 1/1/2023
Summary
This economic trend measures the estimated number of people under age 5 living in poverty in the state of Colorado. It provides crucial insights into child poverty and economic well-being.
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 Estimate of People Under Age 5 in Poverty for Colorado is a key metric used by economists, policymakers, and social services organizations to understand the prevalence of poverty among young children in the state. It informs policy decisions and resource allocation aimed at supporting low-income families and improving child welfare.
Methodology
The data is collected and calculated by the U.S. Census Bureau through household surveys and demographic modeling.
Historical Context
This trend is widely used to assess the economic health of Colorado and guide policies and programs targeting child poverty reduction.
Key Facts
- Colorado has a population of over 5.7 million people.
- The child poverty rate in Colorado is currently around 12%.
- Reducing child poverty is a key priority for policymakers in the state.
FAQs
Q: What does this economic trend measure?
A: This trend measures the estimated number of people under the age of 5 living in poverty in the state of Colorado.
Q: Why is this trend relevant for users or analysts?
A: This trend provides crucial insights into the economic well-being of young children in Colorado, informing policy decisions and resource allocation aimed at supporting low-income families and improving child welfare.
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 demographic modeling.
Q: How is this trend used in economic policy?
A: This trend is widely used by economists, policymakers, and social services organizations to assess the economic health of Colorado and guide policies and programs targeting child poverty reduction.
Q: Are there update delays or limitations?
A: The data is subject to regular updates, but there may be some delays in data reporting and potential limitations in survey coverage or modeling assumptions.
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Citation
U.S. Federal Reserve, Estimate of People Under Age 5 in Poverty for Colorado (PE0T4CO08000A647NCEN), retrieved from FRED.