Poverty Universe, Age 0-17 for Franklin County, MA
PUA0T17MA25011A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
11,257.00
Year-over-Year Change
-16.04%
Date Range
1/1/1998 - 1/1/2023
Summary
This economic trend tracks the number of individuals aged 0-17 living in poverty within Franklin County, Massachusetts. Understanding poverty levels among children is crucial for informing social policies and resource allocation.
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, Age 0-17 for Franklin County, MA metric provides a detailed view of poverty rates for the youngest members of the local population. This data helps policymakers and researchers analyze economic conditions and assess the effectiveness of anti-poverty initiatives.
Methodology
The data is collected through the U.S. Census Bureau's American Community Survey.
Historical Context
Poverty rates among children are an important indicator for social welfare programs and community development efforts.
Key Facts
- Franklin County, MA has a child poverty rate of 15.2%.
- The child poverty rate in Franklin County is lower than the national average.
- Poverty has long-term impacts on child development and educational outcomes.
FAQs
Q: What does this economic trend measure?
A: This trend tracks the number of individuals aged 0-17 living in poverty within Franklin County, Massachusetts.
Q: Why is this trend relevant for users or analysts?
A: Understanding poverty levels among children is crucial for informing social policies and resource allocation.
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: Poverty rates among children are an important indicator for social welfare programs and community development efforts.
Q: Are there update delays or limitations?
A: The data is subject to the publication schedule and methodological constraints of the Census Bureau's American Community Survey.
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Citation
U.S. Federal Reserve, Poverty Universe, Age 0-17 for Franklin County, MA (PUA0T17MA25011A647NCEN), retrieved from FRED.