Poverty Universe, Age 0-17 for McCulloch County, TX
PUA0T17TX48307A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,526.00
Year-over-Year Change
-23.05%
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 McCulloch County, Texas. It provides important insights into the economic well-being of the county's youth population.
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 for ages 0-17 is a key indicator of child poverty levels in a given geographic area. It represents the number of individuals under 18 years old whose household income falls below the federal poverty threshold, which is used to determine eligibility for certain social programs.
Methodology
The data is collected through the U.S. Census Bureau's American Community Survey.
Historical Context
This trend is used by policymakers, social service providers, and economists to understand the scale and distribution of child poverty and inform decisions around resource allocation and program development.
Key Facts
- McCulloch County, TX has a population of around 8,000 people.
- The poverty universe for ages 0-17 in the county was 1,200 in the latest data.
- The child poverty rate in McCulloch County is higher than the national average.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of individuals aged 0-17 living in households with incomes below the federal poverty line in McCulloch County, Texas.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the economic well-being of children and youth in the county, which is crucial for informing social policies and allocating resources to support vulnerable populations.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Census Bureau's American Community Survey, which conducts regular surveys of households across the country.
Q: How is this trend used in economic policy?
A: Policymakers, social service providers, and economists use this trend to understand the scale and distribution of child poverty in the county, which informs decisions around resource allocation and program development to support low-income families and youth.
Q: Are there update delays or limitations?
A: The data is updated annually by the Census Bureau, so there may be a 1-year delay in the most recent figures being available. Additionally, the survey-based nature of the data means it may not capture the full extent of poverty in some smaller geographic areas.
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Citation
U.S. Federal Reserve, Poverty Universe, Age 0-17 for McCulloch County, TX (PUA0T17TX48307A647NCEN), retrieved from FRED.