Estimated Percent of Related Children Age 5-17 in Families in Poverty for Wisconsin
PP5T17WI55000A156NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
12.20
Year-over-Year Change
-26.06%
Date Range
1/1/1989 - 1/1/2023
Summary
This economic trend tracks the estimated percentage of related children aged 5-17 living in families in poverty in the state of Wisconsin. It provides important insights into child poverty levels and socioeconomic conditions 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 Wisconsin measures the share of Wisconsin's school-aged children residing in households with incomes below the federal poverty line. This data point is a key indicator of economic hardship and child wellbeing within the state.
Methodology
The data is collected through the U.S. Census Bureau's American Community Survey.
Historical Context
This metric is used by policymakers, researchers, and advocates to understand trends in child poverty and inform social programs and economic policies.
Key Facts
- Wisconsin's child poverty rate was 13.4% in 2021.
- Poverty disproportionately affects children of color in Wisconsin.
- Childhood poverty is linked to long-term negative outcomes.
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 level in the state of Wisconsin.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into child wellbeing and socioeconomic conditions within Wisconsin, which is critical information for policymakers, researchers, and advocates working to address poverty and support families.
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, economists, and social service providers use this metric to understand trends in child poverty and inform the development of programs and policies aimed at supporting low-income families and improving child outcomes.
Q: Are there update delays or limitations?
A: The data is published annually with a delay of approximately one year, so the most recent figures may not reflect the current economic conditions.
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Citation
U.S. Federal Reserve, Estimated Percent of Related Children Age 5-17 in Families in Poverty for Wisconsin (PP5T17WI55000A156NCEN), retrieved from FRED.