Poverty Universe, Age 0-17 for Nicholas County, WV
PUA0T17WV54067A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,781.00
Year-over-Year Change
-11.02%
Date Range
1/1/1998 - 1/1/2023
Summary
This economic trend measures the number of children aged 0-17 living in poverty in Nicholas County, West Virginia. Understanding poverty levels among youth is crucial for policymakers seeking to address economic inequality and ensure access to essential resources.
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 Nicholas County, WV data series tracks the total number of individuals under 18 living below the poverty line in this specific geographic area. This metric provides valuable insights into the economic well-being of children and families, which can inform social welfare programs and community development initiatives.
Methodology
The data is collected through the U.S. Census Bureau's annual American Community Survey.
Historical Context
Policymakers and social service organizations use this trend to evaluate the effectiveness of poverty alleviation efforts and target resources to areas of greatest need.
Key Facts
- Nicholas County, WV has a population of approximately 26,000 people.
- The poverty rate for children aged 0-17 in Nicholas County was 24.5% in 2020.
- Poverty among youth can have long-lasting impacts on educational attainment, health, and future economic prospects.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of children aged 0-17 living in poverty in Nicholas County, West Virginia.
Q: Why is this trend relevant for users or analysts?
A: Understanding poverty levels among youth is crucial for policymakers seeking to address economic inequality and ensure access to essential resources for families and communities.
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: Policymakers and social service organizations use this trend to evaluate the effectiveness of poverty alleviation efforts and target resources to areas of greatest need.
Q: Are there update delays or limitations?
A: The data is updated annually, and there may be a 1-2 year delay in the most recent figures being available.
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Citation
U.S. Federal Reserve, Poverty Universe, Age 0-17 for Nicholas County, WV (PUA0T17WV54067A647NCEN), retrieved from FRED.