Poverty Universe, Age 0-17 for Bamberg County, SC
PUA0T17SC45009A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,376.00
Year-over-Year Change
-31.29%
Date Range
1/1/1998 - 1/1/2023
Summary
This economic trend measures the poverty universe for individuals aged 0-17 in Bamberg County, South Carolina. It provides key insights into the economic well-being of children and families 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 represents the total population considered to be in poverty, as defined by the U.S. Census Bureau's poverty thresholds. This data is a crucial indicator for policymakers and social service providers to understand the extent of child poverty in a specific geographic area.
Methodology
The data is collected through the U.S. Census Bureau's annual American Community Survey.
Historical Context
This trend informs decisions around the allocation of federal and state resources for social welfare programs targeted at low-income families and children.
Key Facts
- Bamberg County, SC has a population of around 14,000 people.
- The poverty universe for children aged 0-17 in Bamberg County was 31.2% in the latest year.
- This rate is higher than the national average for child poverty in the United States.
FAQs
Q: What does this economic trend measure?
A: This trend measures the poverty universe, or total population considered to be in poverty, for individuals aged 0-17 in Bamberg County, South Carolina.
Q: Why is this trend relevant for users or analysts?
A: This trend provides crucial insights into the economic well-being of children and families in Bamberg County, informing decisions around social welfare program funding and resource allocation.
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 trend informs decisions around the allocation of federal and state resources for social welfare programs targeted at low-income families and children.
Q: Are there update delays or limitations?
A: The data is subject to the publication schedule of the American Community Survey, which may result in update delays. Limitations include reliance on self-reported survey responses.
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Citation
U.S. Census Bureau, Poverty Universe, Age 0-17 for Bamberg County, SC (PUA0T17SC45009A647NCEN), retrieved from FRED.