Estimated Percent of Related Children Age 5-17 in Families in Poverty for Maine
PP5T17ME23000A156NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
12.00
Year-over-Year Change
-28.99%
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 Maine. It provides important insights into child poverty levels and economic well-being within 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 Maine is a key statistic that helps economists and policymakers understand the extent of child poverty in the state. It is used to inform social welfare programs and guide policy decisions aimed at supporting low-income families and improving economic outcomes for children.
Methodology
This data is collected and calculated by the U.S. Census Bureau through annual surveys.
Historical Context
Trends in child poverty rates are closely monitored by government agencies, nonprofits, and market analysts to assess the economic health and social conditions within a state or region.
Key Facts
- Maine's child poverty rate was 13.5% in 2021.
- The national child poverty rate is higher than Maine's at 16.9%.
- Child poverty has declined in Maine over the past decade.
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 poverty line in the state of Maine.
Q: Why is this trend relevant for users or analysts?
A: This statistic provides important insights into the economic well-being of children in Maine and helps inform social welfare policies and programs aimed at supporting low-income families.
Q: How is this data collected or calculated?
A: The data is collected and calculated annually by the U.S. Census Bureau through survey methods.
Q: How is this trend used in economic policy?
A: Trends in child poverty rates are closely monitored by government agencies, nonprofits, and market analysts to assess economic conditions and guide policy decisions within the state.
Q: Are there update delays or limitations?
A: The data is published annually, so there may be a delay of up to a year before the most recent figures are available.
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Citation
U.S. Census Bureau, Estimated Percent of Related Children Age 5-17 in Families in Poverty for Maine (PP5T17ME23000A156NCEN), retrieved from FRED.