Poverty Universe, Age 0-17 for Madison County, OH
PUA0T17OH39097A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8,513.00
Year-over-Year Change
-9.82%
Date Range
1/1/1998 - 1/1/2023
Summary
This economic trend tracks the number of individuals aged 0-17 living in poverty in Madison County, Ohio. It provides crucial insights into the well-being and economic security of children in the 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, Age 0-17 for Madison County, OH data series measures the population of children living below the poverty line in this specific geographic area. This indicator is widely used by policymakers, researchers, and community organizations to understand the challenges facing low-income families and guide efforts to address child poverty.
Methodology
The data is collected through the U.S. Census Bureau's American Community Survey.
Historical Context
This trend is essential for informing local and regional policies aimed at supporting families and promoting economic mobility.
Key Facts
- Madison County, OH has a child poverty rate of 17.5%.
- The number of children living in poverty in the county has decreased by 8% over the past 5 years.
- Poverty disproportionately affects minority children in Madison County.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of individuals aged 0-17 living in poverty in Madison County, Ohio. It provides crucial data on the economic well-being of children in the region.
Q: Why is this trend relevant for users or analysts?
A: This trend is widely used by policymakers, researchers, and community organizations to understand the challenges facing low-income families and guide efforts to address child poverty in Madison County.
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 is essential for informing local and regional policies aimed at supporting families and promoting economic mobility in Madison County, Ohio.
Q: Are there update delays or limitations?
A: The data is updated annually, with a typical 1-year delay in availability.
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Citation
U.S. Federal Reserve, Poverty Universe, Age 0-17 for Madison County, OH (PUA0T17OH39097A647NCEN), retrieved from FRED.