Poverty Universe, Age 0-17 for Louisiana
PUA0T17LA22000A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,050,072.00
Year-over-Year Change
-4.73%
Date Range
1/1/1998 - 1/1/2023
Summary
The Poverty Universe, Age 0-17 for Louisiana measures the number of people under age 18 living in poverty within the state. This metric is crucial for understanding economic well-being and informing policy decisions.
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
This series represents the total population of individuals under 18 years old living in poverty in Louisiana. It is an important indicator of child and family economic security, and is used by policymakers and social service providers to allocate resources and track progress.
Methodology
The data is collected through the U.S. Census Bureau's annual American Community Survey.
Historical Context
This metric is widely used to assess poverty trends and guide policies affecting children and families.
Key Facts
- Louisiana has one of the highest child poverty rates in the U.S.
- Poverty disproportionately affects minority and low-income communities in Louisiana.
- Reducing childhood poverty is a key policy goal for many state and local governments.
FAQs
Q: What does this economic trend measure?
A: The Poverty Universe, Age 0-17 for Louisiana measures the total number of people under 18 years old living in poverty within the state of Louisiana.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for understanding economic well-being and informing policy decisions that affect children and families in Louisiana.
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 metric is widely used by policymakers and social service providers to allocate resources and track progress in addressing poverty, especially among children and families.
Q: Are there update delays or limitations?
A: The data is updated annually, with a delay of approximately one year.
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Citation
U.S. Federal Reserve, Poverty Universe, Age 0-17 for Louisiana (PUA0T17LA22000A647NCEN), retrieved from FRED.