Estimated Percent of People of All Ages in Poverty for Rhode Island
PPAARI44000A156NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
11.40
Year-over-Year Change
-22.45%
Date Range
1/1/1989 - 1/1/2023
Summary
This economic trend measures the estimated percentage of people of all ages living in poverty in Rhode Island. It provides important insights into the state's economic well-being and helps policymakers and researchers understand poverty levels.
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 Rhode Island is a key economic indicator that tracks the share of the state's population living below the federally defined poverty threshold. This metric is widely used to assess the overall economic conditions and social welfare in Rhode Island.
Methodology
The data is collected and calculated by the U.S. Census Bureau as part of the American Community Survey.
Historical Context
This trend is critical for informing economic and social policies aimed at reducing poverty and improving living standards in Rhode Island.
Key Facts
- Rhode Island's poverty rate was 12.8% in 2020.
- Poverty disproportionately affects certain demographic groups in Rhode Island.
- The state's poverty rate has fluctuated over the past decade.
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 Rhode Island.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the economic well-being and social welfare of Rhode Island, helping policymakers and researchers understand poverty levels and inform policies to address it.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Census Bureau as part of the American Community Survey.
Q: How is this trend used in economic policy?
A: This trend is critical for informing economic and social policies aimed at reducing poverty and improving living standards in Rhode Island.
Q: Are there update delays or limitations?
A: The data is subject to the typical update schedule and limitations of the American Community Survey.
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Citation
U.S. Census Bureau, Estimated Percent of People of All Ages in Poverty for Rhode Island (PPAARI44000A156NCEN), retrieved from FRED.