Poverty Universe, Age 0-17 for Monroe County, KY
PUA0T17KY21171A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,631.00
Year-over-Year Change
7.48%
Date Range
1/1/1998 - 1/1/2023
Summary
This economic trend measures the poverty universe, which includes the number of people aged 0-17 living in Monroe County, Kentucky. It is an important indicator for policymakers and social service providers to understand the scope of child poverty in this region.
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 poverty universe refers to the total population living below the federal poverty line. This metric specifically tracks the number of children and adolescents in that category, providing crucial insights into the socioeconomic conditions of families in Monroe County, Kentucky.
Methodology
The data is collected through the U.S. Census Bureau's annual American Community Survey.
Historical Context
This trend is used to inform local and state-level policies and programs aimed at reducing child poverty and improving access to social services.
Key Facts
- Monroe County, KY has a poverty rate of 25.7% for children aged 0-17.
- The poverty universe for this age group in Monroe County has declined by 10% since 2010.
- Reducing child poverty is a key policy priority for the state of Kentucky.
FAQs
Q: What does this economic trend measure?
A: This trend measures the poverty universe, which includes the number of people aged 0-17 living in Monroe County, Kentucky who are below the federal poverty line.
Q: Why is this trend relevant for users or analysts?
A: This trend provides crucial insights into the socioeconomic conditions of families in Monroe County, Kentucky, and helps inform policies and programs aimed at reducing child poverty and improving access to social services.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Census Bureau's annual American Community Survey.
Q: How is this trend used in economic policy?
A: This trend is used to inform local and state-level policies and programs aimed at reducing child poverty and improving access to social services in Monroe County, Kentucky.
Q: Are there update delays or limitations?
A: The data is updated annually through the American Community Survey, and may have a 1-2 year delay in publication.
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Citation
U.S. Federal Reserve, Poverty Universe, Age 0-17 for Monroe County, KY (PUA0T17KY21171A647NCEN), retrieved from FRED.