Estimated Percent of People of All Ages in Poverty for Wisconsin
PPAAWI55000A156NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10.60
Year-over-Year Change
-19.08%
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 Wisconsin. It provides important insights into the economic well-being and social challenges facing Wisconsin residents.
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 Wisconsin is a key economic indicator used by policymakers, researchers, and the public to understand the scope and distribution of poverty within the state. It is an important measure of financial hardship and economic inequality.
Methodology
This data is collected and calculated by the U.S. Census Bureau through its annual American Community Survey.
Historical Context
The poverty rate is a crucial data point for guiding social programs and economic development initiatives in Wisconsin.
Key Facts
- Wisconsin's poverty rate was 11.8% in 2021.
- Poverty disproportionately affects children and the elderly in Wisconsin.
- The poverty rate is higher in urban areas compared to rural parts of the state.
FAQs
Q: What does this economic trend measure?
A: This trend measures the estimated percentage of people of all ages living below the federal poverty line in the state of Wisconsin.
Q: Why is this trend relevant for users or analysts?
A: The poverty rate is a crucial indicator of economic hardship and inequality, providing important insights for policymakers, researchers, and the public.
Q: How is this data collected or calculated?
A: The data is collected and calculated annually by the U.S. Census Bureau through its American Community Survey.
Q: How is this trend used in economic policy?
A: The Wisconsin poverty rate informs the design and targeting of social welfare programs, economic development initiatives, and other policies aimed at reducing poverty and inequality.
Q: Are there update delays or limitations?
A: The poverty data has a one-year lag, with the most recent figures available for the prior calendar year.
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Citation
U.S. Federal Reserve, Estimated Percent of People of All Ages in Poverty for Wisconsin (PPAAWI55000A156NCEN), retrieved from FRED.