Poverty Universe, Age 0-17 for Boone County, WV

PUA0T17WV54005A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)

Latest Value

4,080.00

Year-over-Year Change

-24.90%

Date Range

1/1/1998 - 1/1/2023

Summary

This economic trend tracks the number of individuals aged 0-17 living in poverty within Boone County, West Virginia. Understanding childhood poverty rates is crucial for policymakers and economists focused on community development and social welfare.

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 individuals living below the official poverty threshold defined by the U.S. Census Bureau. This metric provides insight into the economic challenges facing young people in a specific geographic region, which can inform policy decisions and social service programs.

Methodology

The data is collected through the U.S. Census Bureau's annual American Community Survey.

Historical Context

Trends in childhood poverty are closely monitored by government agencies, nonprofits, and academic researchers to assess the efficacy of anti-poverty initiatives.

Key Facts

  • Boone County, WV has a childhood poverty rate of XX.X%.
  • Childhood poverty has declined by YY% in Boone County since 20ZZ.
  • Poverty disproportionately affects minority youth in Boone County.

FAQs

Q: What does this economic trend measure?

A: This trend tracks the number of individuals aged 0-17 living below the official poverty threshold in Boone County, West Virginia.

Q: Why is this trend relevant for users or analysts?

A: Childhood poverty rates provide crucial insights into the economic challenges facing young people in a specific geographic region, which can inform policy decisions and social service programs.

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: Trends in childhood poverty are closely monitored by government agencies, nonprofits, and academic researchers to assess the efficacy of anti-poverty initiatives.

Q: Are there update delays or limitations?

A: The data is updated annually, with a delay of approximately 1 year from the reference period.

Related Trends

Citation

U.S. Federal Reserve, Poverty Universe, Age 0-17 for Boone County, WV (PUA0T17WV54005A647NCEN), retrieved from FRED.