Estimated Percent of People Under Age 5 in Poverty for Alabama
PP0T4AL01000A156NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
23.20
Year-over-Year Change
-26.35%
Date Range
1/1/1989 - 1/1/2023
Summary
This trend estimates the percentage of people under age 5 living in poverty in Alabama. It provides insight into the economic well-being of young children 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 'Estimated Percent of People Under Age 5 in Poverty for Alabama' metric tracks the share of the population under 5 years old whose income falls below the federal poverty line in Alabama. This indicator offers a granular view of child poverty levels and can inform policy decisions around family support programs.
Methodology
The data is estimated using information from the U.S. Census Bureau's American Community Survey.
Historical Context
Policymakers and researchers use this metric to understand trends in child poverty and target resources for early childhood development initiatives.
Key Facts
- Alabama had an estimated 25.4% of children under 5 in poverty in 2021.
- Child poverty rates are higher in Alabama compared to the national average.
- Reducing child poverty is a key policy priority for the state government.
FAQs
Q: What does this economic trend measure?
A: This trend estimates the percentage of people under 5 years old living in poverty in the state of Alabama.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the economic well-being of young children in Alabama, which is crucial for informing social policies and programs targeting early childhood development.
Q: How is this data collected or calculated?
A: The data is estimated using information from the U.S. Census Bureau's American Community Survey.
Q: How is this trend used in economic policy?
A: Policymakers and researchers use this metric to understand trends in child poverty and target resources for early childhood development initiatives in Alabama.
Q: Are there update delays or limitations?
A: There may be some delay in the availability of the latest data, as it is derived from the American Community Survey.
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Citation
U.S. Federal Reserve, Estimated Percent of People Under Age 5 in Poverty for Alabama (PP0T4AL01000A156NCEN), retrieved from FRED.