Estimated Percent of People of All Ages in Poverty for Utah
PPAAUT49000A156NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9.00
Year-over-Year Change
-33.82%
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 the state of Utah. It provides valuable insights into the economic well-being and social 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 People of All Ages in Poverty for Utah is a key indicator used by policymakers, researchers, and the public to understand the prevalence of poverty and assess the effectiveness of social programs and economic policies in the state.
Methodology
The data is collected and calculated by the U.S. Census Bureau based on household surveys.
Historical Context
This trend is widely used to inform policy decisions and resource allocation at the state level.
Key Facts
- Utah's poverty rate is lower than the national average.
- Poverty disproportionately affects certain demographic groups in Utah.
- Trends in Utah's poverty rate inform policymakers and social service providers.
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 Utah.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into the economic well-being and social conditions within the state of Utah, which is crucial for policymakers, researchers, and the public.
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: This trend is widely used to inform policy decisions and resource allocation at the state level, as it helps policymakers and institutions understand the prevalence of poverty and assess the effectiveness of social programs and economic policies.
Q: Are there update delays or limitations?
A: The data is subject to the availability and timeliness of the U.S. Census Bureau's household surveys, which may result in occasional update delays or limitations.
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Citation
U.S. Census Bureau, Estimated Percent of People of All Ages in Poverty for Utah (PPAAUT49000A156NCEN), retrieved from FRED.