Estimated Percent of People of All Ages in Poverty for Connecticut
PPAACT09000A156NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10.20
Year-over-Year Change
-5.56%
Date Range
1/1/1989 - 1/1/2023
Summary
This economic trend measures the estimated percentage of people of all ages in poverty in the state of Connecticut. It is an important indicator for policymakers and economists to understand poverty levels and evaluate the effectiveness of social programs.
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 Connecticut provides a data-driven assessment of the poverty rate in the state. It is used by researchers, policymakers, and social service providers to inform decision-making and target resources to communities in need.
Methodology
The data is collected and calculated by the U.S. Census Bureau based on household surveys.
Historical Context
This poverty rate statistic helps guide economic and social policies at the state level.
Key Facts
- Connecticut's poverty rate was 10.2% in 2021.
- Poverty disproportionately affects children and the elderly in Connecticut.
- The state's poverty rate is below the national average of 11.6%.
FAQs
Q: What does this economic trend measure?
A: This trend measures the estimated percentage of people of all ages living in poverty in the state of Connecticut.
Q: Why is this trend relevant for users or analysts?
A: The poverty rate is a key indicator of economic well-being and is used by policymakers, researchers, and social service providers to understand the scale of poverty and guide resource allocation.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Census Bureau based on household surveys.
Q: How is this trend used in economic policy?
A: The Connecticut poverty rate statistic helps inform state-level economic and social policies aimed at reducing poverty and supporting low-income communities.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, so there may be delays in accessing the most recent information.
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Citation
U.S. Census Bureau, Estimated Percent of People of All Ages in Poverty for Connecticut (PPAACT09000A156NCEN), retrieved from FRED.