Estimate of People of All Ages in Poverty in South Dakota
PEAASD46000A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
101,184.00
Year-over-Year Change
-9.86%
Date Range
1/1/1989 - 1/1/2023
Summary
This economic trend measures the estimated number of people of all ages living in poverty in the state of South Dakota. It provides important insights into the level of economic hardship and inequality within 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 People of All Ages in Poverty in South Dakota tracks the total number of individuals, regardless of age, who are classified as living below the poverty line in the state. This data is a key indicator of the overall economic well-being and social conditions within South Dakota.
Methodology
The data is collected and calculated by the U.S. Census Bureau through comprehensive household surveys.
Historical Context
Policymakers and economists use this metric to inform decisions around social programs, tax policy, and economic development initiatives.
Key Facts
- South Dakota had an estimated 92,000 people in poverty in 2021.
- The poverty rate in South Dakota was 11.5% in 2021.
- Poverty disproportionately affects children and the elderly in South Dakota.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of people of all ages living below the poverty line in the state of South Dakota.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the level of economic hardship and inequality within South Dakota, which is crucial for informing policy decisions and development initiatives.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Census Bureau through comprehensive household surveys.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to inform decisions around social programs, tax policy, and economic development initiatives in South Dakota.
Q: Are there update delays or limitations?
A: The data is typically released with a 1-2 year lag, and may not capture the most recent economic conditions in the state.
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Citation
U.S. Census Bureau, Estimate of People of All Ages in Poverty in South Dakota (PEAASD46000A647NCEN), retrieved from FRED.