Estimated Percent of Related Children Age 5-17 in Families in Poverty for Minnesota
PP5T17MN27000A156NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9.70
Year-over-Year Change
-28.68%
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 Minnesota. It provides insights into the financial well-being of Minnesota's youth and their families.
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 Minnesota is a key metric used by economists and policymakers to assess the economic conditions and social welfare of the state's younger population. It helps identify regions and demographics that may require targeted assistance.
Methodology
The data is collected through the U.S. Census Bureau's American Community Survey.
Historical Context
This trend is relevant for informing social and economic policies aimed at reducing child poverty in Minnesota.
Key Facts
- Minnesota's child poverty rate is below the national average.
- Poverty disproportionately affects certain demographic groups within the state.
- Reducing child poverty is a key policy priority for Minnesota.
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 Minnesota.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the financial well-being of Minnesota's youth and their families, which is crucial for informing social and economic policies aimed at reducing child poverty.
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: This trend is used by economists and policymakers to assess the economic conditions and social welfare of Minnesota's younger population, helping to identify regions and demographics that may require targeted assistance.
Q: Are there update delays or limitations?
A: The data is subject to the update schedule and potential limitations of the American Community Survey.
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Citation
U.S. Federal Reserve, Estimated Percent of Related Children Age 5-17 in Families in Poverty for Minnesota (PP5T17MN27000A156NCEN), retrieved from FRED.