Estimated Percent of People of All Ages in Poverty for Colorado
PPAACO08000A156NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9.40
Year-over-Year Change
-29.85%
Date Range
1/1/1989 - 1/1/2023
Summary
This series measures the estimated percentage of people of all ages living in poverty in Colorado. Understanding poverty levels is crucial for policymakers and economists to assess economic well-being and target social assistance programs effectively.
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 People of All Ages in Poverty for Colorado provides a comprehensive view of the poverty rate across the state. It is used to evaluate the economic conditions and social safety net for Colorado residents.
Methodology
The data is collected through the U.S. Census Bureau's American Community Survey.
Historical Context
This poverty metric informs policy decisions related to income assistance, education, healthcare, and community development programs.
Key Facts
- The Colorado poverty rate was 10.3% in 2021.
- Poverty disproportionately affects children and the elderly in Colorado.
- Poverty levels vary significantly by county within the state.
FAQs
Q: What does this economic trend measure?
A: This series measures the estimated percentage of people of all ages living in poverty within the state of Colorado.
Q: Why is this trend relevant for users or analysts?
A: Tracking poverty levels is crucial for policymakers and economists to understand economic well-being and target social assistance programs effectively.
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 poverty metric informs policy decisions related to income assistance, education, healthcare, and community development programs.
Q: Are there update delays or limitations?
A: The data is published annually with a delay of approximately one year.
Related Trends
Value of Exports to Switzerland from Colorado
COCHEA052SCEN
Regional Price Parities: Services: Other: Nonmetropolitan Portion for Colorado
CONMPRPPSERVEOTH
All Employees: Private Service Providing in Colorado
SMS08000000800000001
Real Gross Domestic Product: Support Activities for Mining (213) in Colorado
COSAMINRGSP
Number of Identified Exporters to Mexico from Colorado
COMEXA475SCEN
Net Earnings by Place of Residence in Colorado
COENET
Citation
U.S. Federal Reserve, Estimated Percent of People of All Ages in Poverty for Colorado (PPAACO08000A156NCEN), retrieved from FRED.