Poverty Universe, Age 0-17 for Marshall County, SD
PUA0T17SD46091A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
994.00
Year-over-Year Change
11.94%
Date Range
1/1/1998 - 1/1/2023
Summary
This economic trend measures the population under age 18 living in poverty in Marshall County, South Dakota. Tracking youth poverty rates is crucial for policymakers and community leaders to understand local socioeconomic conditions and target resources effectively.
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 Marshall County, SD metric provides the total number of individuals under 18 years old living below the federal poverty line within this specific geographical area. This data point is an important indicator of the well-being and economic security of a community's youngest residents.
Methodology
The U.S. Census Bureau collects this data through annual household surveys.
Historical Context
Poverty rates among children and adolescents are closely monitored by government agencies, researchers, and local organizations to inform social service programs and policy decisions.
Key Facts
- Marshall County, SD has a population of around 4,500.
- The childhood poverty rate in Marshall County is higher than the national average.
- Poverty can negatively impact educational attainment and long-term economic outcomes.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of individuals under 18 years old living below the federal poverty line in Marshall County, South Dakota.
Q: Why is this trend relevant for users or analysts?
A: Tracking childhood poverty rates is crucial for understanding the socioeconomic conditions of a community and informing policy decisions related to social services and economic development.
Q: How is this data collected or calculated?
A: The U.S. Census Bureau collects this data through annual household surveys.
Q: How is this trend used in economic policy?
A: Poverty rates among children and adolescents are closely monitored by government agencies, researchers, and local organizations to inform social service programs and policy decisions.
Q: Are there update delays or limitations?
A: The data is updated annually, and there may be a lag of several months between the reference period and the release of the information.
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Citation
U.S. Federal Reserve, Poverty Universe, Age 0-17 for Marshall County, SD (PUA0T17SD46091A647NCEN), retrieved from FRED.