Poverty Universe, Age 0-17 for Corson County, SD
PUA0T17SD46031A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,306.00
Year-over-Year Change
-5.57%
Date Range
1/1/1998 - 1/1/2023
Summary
This economic trend measures the poverty universe, or total population living below the poverty line, for individuals aged 0-17 in Corson County, South Dakota. It provides critical insights into child and youth poverty levels in this specific geographic area.
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 is a key indicator used by economists and policymakers to understand the socioeconomic conditions and well-being of a population. Tracking poverty among children and adolescents is particularly important for assessing community needs and guiding targeted social programs.
Methodology
The data is collected through the U.S. Census Bureau's annual American Community Survey.
Historical Context
This trend is widely referenced by state and local governments, non-profits, and researchers to inform policy decisions and resource allocation.
Key Facts
- Corson County has a total population of 4,130 as of the latest data.
- The poverty universe for ages 0-17 in Corson County is 1,475.
- The child poverty rate in Corson County is approximately 35.7%.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total population living below the poverty line for individuals aged 0-17 in Corson County, South Dakota.
Q: Why is this trend relevant for users or analysts?
A: Tracking child and youth poverty is crucial for understanding community needs and informing social policies and programs aimed at supporting low-income families and improving economic mobility.
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: State and local governments, non-profits, and researchers widely reference this trend to guide policy decisions and resource allocation for social welfare programs.
Q: Are there update delays or limitations?
A: The data is updated annually, with a typical 1-year delay due to the Census Bureau's data collection and publication process.
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Citation
U.S. Federal Reserve, Poverty Universe, Age 0-17 for Corson County, SD (PUA0T17SD46031A647NCEN), retrieved from FRED.