Estimated Percent of People Under Age 5 in Poverty for Hawaii
PP0T4HI15000A156NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
11.40
Year-over-Year Change
-34.86%
Date Range
1/1/1989 - 1/1/2023
Summary
This series measures the estimated percentage of people under age 5 living in poverty in Hawaii. It provides valuable insights 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 Hawaii is an important economic indicator that tracks the poverty rate among the youngest members of the state's population. This data is used by policymakers, researchers, and social service providers to understand the challenges faced by low-income families and guide policy decisions.
Methodology
The data is collected and calculated by the U.S. Census Bureau through surveys and administrative records.
Historical Context
This trend is closely monitored by government agencies and nonprofits to assess the effectiveness of anti-poverty programs and guide resource allocation.
Key Facts
- Hawaii's child poverty rate is lower than the national average.
- Poverty disproportionately affects certain racial and ethnic groups in Hawaii.
- The state's cost of living is a significant factor in child poverty rates.
FAQs
Q: What does this economic trend measure?
A: This trend measures the estimated percentage of people under the age of 5 living in poverty in the state of Hawaii.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the economic well-being of young children in Hawaii, which is crucial for policymakers, researchers, and social service providers to address issues of child poverty and guide resource allocation.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Census Bureau through surveys and administrative records.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by government agencies and nonprofits to assess the effectiveness of anti-poverty programs and guide resource allocation decisions.
Q: Are there update delays or limitations?
A: The data may have a delay in updates due to the time required for data collection and processing by the Census Bureau.
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Citation
U.S. Census Bureau, Estimated Percent of People Under Age 5 in Poverty for Hawaii (PP0T4HI15000A156NCEN), retrieved from FRED.