Poverty Universe, Age 0-17 for Utah
PUA0T17UT49000A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
919,991.00
Year-over-Year Change
5.83%
Date Range
1/1/1998 - 1/1/2023
Summary
The Poverty Universe, Age 0-17 for Utah measures the total number of individuals under the age of 18 living in poverty within the state of Utah. This metric is crucial for assessing the well-being and economic security of the state's youngest residents.
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
This economic series represents the total count of Utah residents aged 0 to 17 who are classified as living in poverty according to the official federal poverty thresholds. Policymakers and researchers utilize this data to understand the scope of child poverty and inform policies aimed at reducing economic hardship among families with children.
Methodology
The data is collected through the U.S. Census Bureau's annual Current Population Survey.
Historical Context
This metric provides important context for evaluating the state's social safety net and identifying areas that may require additional investment or policy attention.
Key Facts
- Utah's Poverty Universe, Age 0-17 was 203,000 in 2021.
- Child poverty rates in Utah are lower than the national average.
- Reducing child poverty is a key policy priority for the state.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of individuals under the age of 18 living in poverty within the state of Utah according to the federal poverty thresholds.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for assessing the well-being and economic security of Utah's youngest residents, and it informs policymakers and researchers on the scope of child poverty in the state.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Census Bureau's annual Current Population Survey.
Q: How is this trend used in economic policy?
A: This metric provides important context for evaluating Utah's social safety net and identifying areas that may require additional investment or policy attention to address child poverty.
Q: Are there update delays or limitations?
A: The data is published annually, with a slight delay from the reference year.
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Citation
U.S. Federal Reserve, Poverty Universe, Age 0-17 for Utah (PUA0T17UT49000A647NCEN), retrieved from FRED.