Estimate of People Under Age 5 in Poverty for Indiana
PE0T4IN18000A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
65,440.00
Year-over-Year Change
-41.06%
Date Range
1/1/1989 - 1/1/2023
Summary
The Estimate of People Under Age 5 in Poverty for Indiana tracks the percentage of Indiana's population under 5 years old living below the federal poverty line. This metric is important for assessing the economic wellbeing of young children and informing policies to support families in need.
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 estimates the percentage of Indiana residents under 5 years old who have incomes below the federal poverty threshold. It provides insight into the economic security of young children in the state, which is a key consideration for policymakers focused on early childhood development and family support programs.
Methodology
The data is calculated by the U.S. Census Bureau using survey responses from Indiana households.
Historical Context
Trends in childhood poverty are closely monitored by government agencies, researchers, and advocacy groups to guide policies and interventions aimed at reducing economic hardship among the youngest members of society.
Key Facts
- Indiana's childhood poverty rate was 19.6% in 2021.
- Poverty disproportionately impacts young children in the U.S.
- Reducing childhood poverty is a key policy priority for many states.
FAQs
Q: What does this economic trend measure?
A: This series estimates the percentage of Indiana residents under 5 years old living below the federal poverty line.
Q: Why is this trend relevant for users or analysts?
A: Childhood poverty rates are a critical indicator of economic security and well-being, informing policies and programs to support young children and families.
Q: How is this data collected or calculated?
A: The U.S. Census Bureau calculates this estimate using survey responses from Indiana households.
Q: How is this trend used in economic policy?
A: Trends in childhood poverty are closely monitored by government agencies, researchers, and advocacy groups to guide policies and interventions aimed at reducing economic hardship among young children.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, and may be subject to sampling and estimation error.
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Citation
U.S. Federal Reserve, Estimate of People Under Age 5 in Poverty for Indiana (PE0T4IN18000A647NCEN), retrieved from FRED.