Estimate of People Under Age 5 in Poverty for Massachusetts
PE0T4MA25000A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
42,403.00
Year-over-Year Change
-33.01%
Date Range
1/1/1989 - 1/1/2023
Summary
The Estimate of People Under Age 5 in Poverty for Massachusetts measures the number of children under 5 living below the poverty line in the state. This metric is critical for understanding childhood welfare and informing policies aimed at reducing child poverty.
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 from the U.S. Census Bureau estimates the number of Massachusetts residents under 5 years old who have incomes below the federal poverty threshold. It provides a granular view of poverty among the state's youngest population, which is essential for targeted social programs and resource allocation.
Methodology
The data is collected through the Current Population Survey's Annual Social and Economic Supplement.
Historical Context
Policymakers and social service providers utilize this trend to guide investments and interventions that support low-income families and promote early childhood wellbeing.
Key Facts
- Massachusetts had an estimated 54,000 children under 5 in poverty in 2021.
- The child poverty rate for under-5s in Massachusetts was 10.4% in 2021.
- Child poverty disproportionately affects minority communities in Massachusetts.
FAQs
Q: What does this economic trend measure?
A: This metric estimates the number of Massachusetts residents under 5 years old living below the federal poverty line.
Q: Why is this trend relevant for users or analysts?
A: Tracking childhood poverty is crucial for informing policies and social programs that support the wellbeing of young children and their families.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Census Bureau's Current Population Survey's Annual Social and Economic Supplement.
Q: How is this trend used in economic policy?
A: Policymakers and social service providers use this metric to guide investments and interventions that support low-income families and promote early childhood welfare.
Q: Are there update delays or limitations?
A: The data is typically released with a 1-2 year lag, and the survey sample size may limit the granularity of estimates for smaller geographic areas.
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Citation
U.S. Census Bureau, Estimate of People Under Age 5 in Poverty for Massachusetts (PE0T4MA25000A647NCEN), retrieved from FRED.