Estimated Percent of Related Children Age 5-17 in Families in Poverty for Colorado
PP5T17CO08000A156NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10.40
Year-over-Year Change
-34.59%
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 Colorado. It provides insight into the state's child poverty levels, which is a key indicator of economic hardship and social inequality.
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 Colorado tracks the share of Colorado's school-aged children residing in households with incomes below the federal poverty threshold. This metric is used by policymakers and researchers to assess the financial well-being of families and identify areas for targeted assistance programs.
Methodology
The data is collected through the U.S. Census Bureau's American Community Survey.
Historical Context
This poverty indicator helps inform policy decisions related to social safety net programs, educational investments, and strategies for boosting economic mobility.
Key Facts
- Colorado's child poverty rate was 14.4% in 2021.
- This represents a decrease from the 2020 rate of 15.5%.
- The national average child poverty rate was 16.9% in 2021.
FAQs
Q: What does this economic trend measure?
A: This trend measures the estimated percentage of related children aged 5-17 living in families below the federal poverty line in the state of Colorado.
Q: Why is this trend relevant for users or analysts?
A: This poverty indicator provides important insights into the financial well-being of Colorado families and helps inform policies and programs aimed at reducing child poverty and promoting economic mobility.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Census Bureau's American Community Survey.
Q: How is this trend used in economic policy?
A: Policymakers and researchers use this poverty indicator to assess the need for and effectiveness of social safety net programs, educational investments, and other initiatives targeting economic inequality and family financial security.
Q: Are there update delays or limitations?
A: The data is published annually, with a typical 1-2 year lag between the reference year and the release date.
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Citation
U.S. Federal Reserve, Estimated Percent of Related Children Age 5-17 in Families in Poverty for Colorado (PP5T17CO08000A156NCEN), retrieved from FRED.