Estimate of Related Children Age 5-17 in Families in Poverty for Utah
PE5T17UT49000A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
60,478.00
Year-over-Year Change
-33.09%
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 Utah. It provides insight into childhood poverty levels, which is a key economic and social indicator.
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 Utah tracks the population of children from low-income households in the state. This metric is used by policymakers, researchers, and nonprofits to understand trends in child poverty and allocate resources.
Methodology
The data is collected through the U.S. Census Bureau's American Community Survey.
Historical Context
Trends in child poverty are closely monitored by federal and state governments to inform social programs and economic policies.
Key Facts
- Utah's child poverty rate was 10.7% in 2021.
- This represents approximately 90,000 children in low-income families.
- The trend has fluctuated over the past decade, reaching a high of 13.3% in 2013.
FAQs
Q: What does this economic trend measure?
A: This trend measures the estimated number of related children aged 5-17 living in families below the poverty line in the state of Utah.
Q: Why is this trend relevant for users or analysts?
A: Tracking child poverty levels is crucial for understanding the well-being of families and informing social policies and programs in the state.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Census Bureau's American Community Survey.
Q: How is this trend used in economic policy?
A: Policymakers, researchers, and nonprofits use this metric to monitor trends in child poverty and allocate resources for social programs in Utah.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, and may be subject to sampling and estimation errors.
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Citation
U.S. Federal Reserve, Estimate of Related Children Age 5-17 in Families in Poverty for Utah (PE5T17UT49000A647NCEN), retrieved from FRED.