Poverty Universe, Age 0-17 for Vermilion Parish, LA
PUA0T17LA22113A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
14,173.00
Year-over-Year Change
-7.09%
Date Range
1/1/1998 - 1/1/2023
Summary
This economic trend measures the poverty universe, which includes the population aged 0-17 in Vermilion Parish, Louisiana. It provides key insights into the economic well-being and vulnerability of the region's youth.
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 represents the total population living below the poverty line, a metric used to assess economic hardship and determine eligibility for social assistance programs. Tracking the 0-17 age group specifically offers valuable data on child poverty, an important indicator of overall community health and development.
Methodology
The data is collected through the U.S. Census Bureau's American Community Survey.
Historical Context
This trend informs policymakers and social service providers working to address poverty and support vulnerable youth in Vermilion Parish.
Key Facts
- Vermilion Parish has a total population of around 60,000 people.
- The poverty rate for children aged 0-17 in Vermilion Parish is 22.5%.
- Poverty among youth is a key indicator of economic and social well-being in the region.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total population aged 0-17 living below the poverty line in Vermilion Parish, Louisiana.
Q: Why is this trend relevant for users or analysts?
A: Tracking child poverty is crucial for understanding the economic well-being and development of a community, informing policymakers and social service providers.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Census Bureau's American Community Survey.
Q: How is this trend used in economic policy?
A: This trend helps policymakers and social service providers in Vermilion Parish assess poverty levels and target resources to support vulnerable youth and families.
Q: Are there update delays or limitations?
A: The data is updated annually through the American Community Survey, with a typical 1-year delay in publication.
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Citation
U.S. Federal Reserve, Poverty Universe, Age 0-17 for Vermilion Parish, LA (PUA0T17LA22113A647NCEN), retrieved from FRED.