Poverty Universe, Age 0-17 for Mercer County, WV
PUA0T17WV54055A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
12,094.00
Year-over-Year Change
-5.41%
Date Range
1/1/1998 - 1/1/2023
Summary
This economic trend measures the population under age 18 living below the poverty line in Mercer County, West Virginia. Understanding youth poverty levels is crucial for policymakers and researchers examining economic well-being and social program efficacy.
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 Mercer County, WV trend represents the number of individuals under 18 years old living in households with income below the federal poverty threshold in this specific county. This data is widely used to analyze regional disparities, target social services, and assess the impact of economic policies on vulnerable populations.
Methodology
The U.S. Census Bureau collects this data through household surveys and calculates the poverty thresholds based on total family income and size.
Historical Context
Poverty rate trends inform policy decisions regarding social safety net programs, education funding, and community development initiatives.
Key Facts
- Mercer County, WV has a poverty rate of 24.7% for individuals under 18.
- The national youth poverty rate is 16.1% as of the most recent data.
- Poverty disproportionately impacts children and adolescents in the U.S.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of individuals under 18 years old living in households with income below the federal poverty threshold in Mercer County, West Virginia.
Q: Why is this trend relevant for users or analysts?
A: Understanding youth poverty levels is crucial for policymakers and researchers examining economic well-being and the efficacy of social programs in a given region.
Q: How is this data collected or calculated?
A: The U.S. Census Bureau collects this data through household surveys and calculates the poverty thresholds based on total family income and size.
Q: How is this trend used in economic policy?
A: Poverty rate trends inform policy decisions regarding social safety net programs, education funding, and community development initiatives.
Q: Are there update delays or limitations?
A: This data is subject to the publication schedule and methodological limitations of the U.S. Census Bureau's household surveys.
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Citation
U.S. Federal Reserve, Poverty Universe, Age 0-17 for Mercer County, WV (PUA0T17WV54055A647NCEN), retrieved from FRED.