Estimate of People Under Age 5 in Poverty for Illinois
PE0T4IL17000A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
97,185.00
Year-over-Year Change
-51.07%
Date Range
1/1/1989 - 1/1/2023
Summary
This economic trend estimates the number of people under age 5 living in poverty in the state of Illinois. Understanding childhood poverty rates is crucial for policymakers and social service providers.
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 Illinois tracks the number of children under 5 years old whose family income falls below the federal poverty level in that state. This data point is widely used to assess the well-being of vulnerable youth populations and inform decisions about social welfare programs.
Methodology
The data is collected through the U.S. Census Bureau's Current Population Survey.
Historical Context
Childhood poverty figures are closely monitored by government agencies, nonprofits, and researchers to guide economic and social policies.
Key Facts
- The most recent estimate shows 281,000 Illinois children under 5 living in poverty.
- Illinois child poverty rates are higher than the national average.
- Poverty disproportionately impacts minority children in the state.
FAQs
Q: What does this economic trend measure?
A: This trend estimates the number of children under age 5 in Illinois whose family income falls below the federal poverty level.
Q: Why is this trend relevant for users or analysts?
A: Childhood poverty rates are a key indicator of economic and social well-being, and this data helps guide policies and programs to support vulnerable families.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Census Bureau's Current Population Survey.
Q: How is this trend used in economic policy?
A: Policymakers, nonprofits, and researchers use this data to inform decisions about social welfare programs, economic development initiatives, and other policies aimed at reducing childhood poverty.
Q: Are there update delays or limitations?
A: There may be lags in data availability, as the Census Bureau publishes updates annually.
Related Trends
Real Gross Domestic Product: Wholesale Trade (42) in Illinois
ILWHOLERQGSP
All Employees: Manufacturing: Durable Goods in Illinois
SMS17000003100000001
Average Weekly Earnings of Production Employees: Construction in Illinois
SMU17000002000000030
Gross Domestic Product: Construction (23) in Illinois
ILCONSTNGSP
Proprietors' Farm Income in Illinois
ILOFAR
All Employees: Government: U.S. Postal Service in Illinois
SMU17000009091912001
Citation
U.S. Federal Reserve, Estimate of People Under Age 5 in Poverty for Illinois (PE0T4IL17000A647NCEN), retrieved from FRED.