Poverty Universe, Age 0-17 for Duval County, TX
PUA0T17TX48131A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,437.00
Year-over-Year Change
-19.22%
Date Range
1/1/1998 - 1/1/2023
Summary
This economic trend measures the poverty universe, or the total population living below the poverty line, for individuals aged 0-17 in Duval County, Texas. It is an important indicator for policymakers and social services providers to understand the economic well-being of children in a 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 represents the total number of individuals living in households with incomes below the federal poverty threshold. Tracking this metric for the youth population in a local area can help guide the allocation of resources and social programs to support child and family well-being.
Methodology
The data is collected through the U.S. Census Bureau's American Community Survey.
Historical Context
This metric is used by government agencies, nonprofits, and researchers to inform policy decisions and community investments.
Key Facts
- Duval County has a population of around 11,000 people.
- The poverty rate for children aged 0-17 in Duval County is over 30%.
- Poverty disproportionately affects children and can have long-term consequences.
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 Duval County, Texas.
Q: Why is this trend relevant for users or analysts?
A: Tracking child poverty rates in a local area is important for guiding social services and policy decisions to support family and community well-being.
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: Government agencies, nonprofits, and researchers use this metric to inform decisions about resource allocation and community investments.
Q: Are there update delays or limitations?
A: The American Community Survey data is published on an annual basis, so there may be a 1-year delay in the most recent figures.
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Citation
U.S. Federal Reserve, Poverty Universe, Age 0-17 for Duval County, TX (PUA0T17TX48131A647NCEN), retrieved from FRED.