Estimate of Related Children Age 5-17 in Families in Poverty for Illinois
PE5T17IL17000A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
283,612.00
Year-over-Year Change
-36.02%
Date Range
1/1/1989 - 1/1/2023
Summary
This trend measures the estimated number of related children aged 5-17 living in families below the poverty line in Illinois. It provides important data on childhood poverty levels in the state.
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 Related Children Age 5-17 in Families in Poverty for Illinois is a key metric for understanding economic hardship and social welfare in the state. It is used by policymakers, researchers, and advocacy groups to track poverty dynamics among families with school-age children.
Methodology
The data is collected through the U.S. Census Bureau's annual Current Population Survey.
Historical Context
This economic indicator helps inform decisions around social programs, education funding, and other policies targeted at supporting low-income families and children.
Key Facts
- Illinois has over 700,000 related children aged 5-17 living in poverty.
- The childhood poverty rate in Illinois is higher than the national average.
- Poverty can negatively impact educational outcomes and child development.
FAQs
Q: What does this economic trend measure?
A: This trend measures the estimated number of related children aged 5-17 living in families with incomes below the poverty line in the state of Illinois.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides crucial data on childhood poverty levels in Illinois, which is important for informing social programs, education funding, and other policies aimed at supporting low-income families and children.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Census Bureau's annual Current Population Survey.
Q: How is this trend used in economic policy?
A: This economic indicator helps policymakers, researchers, and advocacy groups make informed decisions around social programs, education funding, and other policies targeted at supporting low-income families and children in Illinois.
Q: Are there update delays or limitations?
A: The data is updated annually, with a short delay from the end of the reference year. There may be some limitations in sample size or accuracy for smaller geographic areas.
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Real Gross Domestic Product: Professional and Business Services (54, 55, 56) in Illinois
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Citation
U.S. Federal Reserve, Estimate of Related Children Age 5-17 in Families in Poverty for Illinois (PE5T17IL17000A647NCEN), retrieved from FRED.