Poverty Universe, Age 0-17 for Alger County, MI
PUA0T17MI26003A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,258.00
Year-over-Year Change
-19.41%
Date Range
1/1/1998 - 1/1/2023
Summary
The Poverty Universe, Age 0-17 for Alger County, MI measures the total number of children aged 0-17 living in poverty within Alger County, Michigan. This metric is crucial for understanding the economic well-being and developmental challenges facing the county'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
This series represents the total population of children aged 0-17 in Alger County, Michigan who are living below the federal poverty line. The data is collected and reported annually by the U.S. Census Bureau as part of their Small Area Income and Poverty Estimates (SAIPE) program, which provides detailed poverty statistics at the county level.
Methodology
The data is calculated based on a combination of Census survey responses, administrative records, and statistical modeling.
Historical Context
Poverty rates among children are a key indicator used by policymakers, social service providers, and researchers to assess economic hardship and guide the allocation of public resources.
Key Facts
- Alger County has a population of around 9,300 people.
- The child poverty rate in Alger County is higher than the national average.
- Poverty can negatively impact a child's health, education, and future economic prospects.
FAQs
Q: What does this economic trend measure?
A: The Poverty Universe, Age 0-17 for Alger County, MI measures the total number of children aged 0-17 living below the federal poverty line in Alger County, Michigan.
Q: Why is this trend relevant for users or analysts?
A: Child poverty rates are a key indicator of economic hardship and can inform decisions about the allocation of social services and public resources to support vulnerable families and children.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Census Bureau using a combination of survey responses, administrative records, and statistical modeling.
Q: How is this trend used in economic policy?
A: Policymakers, social service providers, and researchers use this data to assess economic conditions and guide the distribution of public resources and social programs aimed at supporting low-income families and children.
Q: Are there update delays or limitations?
A: The data is updated annually, with a delay of approximately one year between the reference year and the publication of the estimates.
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Citation
U.S. Census Bureau, Poverty Universe, Age 0-17 for Alger County, MI (PUA0T17MI26003A647NCEN), retrieved from FRED.