Estimated Percent of People Under Age 5 in Poverty for Wisconsin
PP0T4WI55000A156NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
13.50
Year-over-Year Change
-38.91%
Date Range
1/1/1989 - 1/1/2023
Summary
This trend estimates the percentage of Wisconsin residents under age 5 living in poverty. It is a key economic indicator for assessing child well-being and guiding social policies.
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 Wisconsin measures the proportion of the state's population under 5 years old with family incomes below the federal poverty line. This data provides insights into the economic challenges facing young children and their families.
Methodology
The U.S. Census Bureau collects this data through household surveys and calculates the poverty rate based on total family income and size.
Historical Context
This statistic is used by policymakers, child advocacy groups, and economists to monitor child poverty and inform decisions about social programs and initiatives.
Key Facts
- Wisconsin's child poverty rate was 15.7% in 2020.
- The state's child poverty rate is lower than the national average of 17.5%.
- Poverty disproportionately affects young children in single-parent households.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of Wisconsin residents under 5 years old living in households with incomes below the federal poverty line.
Q: Why is this trend relevant for users or analysts?
A: This statistic provides important insights into child well-being and economic challenges facing young families in Wisconsin, which is crucial for informing social policies and programs.
Q: How is this data collected or calculated?
A: The U.S. Census Bureau collects this data through household surveys and calculates the poverty rate based on total family income and size.
Q: How is this trend used in economic policy?
A: Policymakers, child advocacy groups, and economists use this statistic to monitor child poverty and inform decisions about social programs and initiatives in Wisconsin.
Q: Are there update delays or limitations?
A: This data is published annually by the U.S. Census Bureau and may have a delay of 1-2 years between the reference period and publication.
Related Trends
Real Gross Domestic Product: Food Services and Drinking Places (722) in Wisconsin
WIFOODDPRGSP
State Government Tax Collections, Motor Vehicle Licenses in Wisconsin
WIMOTOLICTAX
Chain-Type Quantity Index for Real GDP: Private Goods-Producing Industries in Wisconsin
WIPRIGOODPROQGSP
Real Gross Domestic Product: Other Services (Except Government and Government Enterprises) (81) in Wisconsin
WIOTHSERVERQGSP
Chain-Type Quantity Index for Real GDP: Professional, Scientific, and Technical Services (54) in Wisconsin
WIPROBUSQQGSP
All Employees: Retail Trade: Motor Vehicle and Parts Dealers in Wisconsin
SMU55000004244100001
Citation
U.S. Census Bureau, Estimated Percent of People Under Age 5 in Poverty for Wisconsin (PP0T4WI55000A156NCEN), retrieved from FRED.