Estimated Percent of Related Children Age 5-17 in Families in Poverty for Arizona
PP5T17AZ04000A156NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
15.00
Year-over-Year Change
-41.63%
Date Range
1/1/1989 - 1/1/2023
Summary
This economic trend measures the estimated percentage of related children aged 5-17 living in families below the poverty line in Arizona. It provides valuable insights into the economic well-being and social challenges facing families 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 Related Children Age 5-17 in Families in Poverty for Arizona is a key statistic used by economists, policymakers, and social service providers to understand the prevalence of child poverty and associated socioeconomic factors in the state.
Methodology
The data is collected and calculated by the U.S. Census Bureau based on household survey responses.
Historical Context
This trend is widely referenced in the development and evaluation of state-level policies and programs aimed at reducing child poverty and promoting family economic security.
Key Facts
- Arizona's child poverty rate was 19.2% in 2021.
- The state's child poverty rate is higher than the national average.
- Poverty disproportionately affects minority and low-income families in Arizona.
FAQs
Q: What does this economic trend measure?
A: This trend measures the estimated percentage of related children aged 5-17 living in families with incomes below the federal poverty line in the state of Arizona.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the prevalence of child poverty in Arizona, which is a key indicator of family economic security and well-being, and informs policy and program decisions aimed at supporting vulnerable populations.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through household surveys and calculated as the estimated percentage of related children aged 5-17 living in families with incomes below the federal poverty threshold.
Q: How is this trend used in economic policy?
A: Policymakers, social service providers, and economists use this trend to monitor child poverty levels, develop and evaluate programs and policies aimed at reducing poverty, and understand the broader socioeconomic challenges facing families in Arizona.
Q: Are there update delays or limitations?
A: The data is published annually by the Census Bureau, with a typical 1-2 year delay in the most recent figures. The estimates may also be subject to sampling and measurement errors inherent in household survey data.
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Citation
U.S. Census Bureau, Estimated Percent of Related Children Age 5-17 in Families in Poverty for Arizona (PP5T17AZ04000A156NCEN), retrieved from FRED.