Poverty Universe, Age 0-4 for Massachusetts
PUA0T4MA25000A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
333,613.00
Year-over-Year Change
-7.52%
Date Range
1/1/1998 - 1/1/2023
Summary
This economic indicator tracks the poverty rate for children aged 0-4 in Massachusetts. It provides important insights into the well-being and economic security of young families in the state.
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 0-4 for Massachusetts measures the percentage of children under 5 years old living below the federal poverty line in the state. This key metric helps policymakers and researchers understand the economic challenges facing young families and target interventions to support early childhood development.
Methodology
The data is collected through the U.S. Census Bureau's American Community Survey.
Historical Context
Trends in child poverty are closely monitored by economists and social policy experts to inform programs and initiatives aimed at reducing economic hardship and promoting family stability.
Key Facts
- Massachusetts child poverty rate for ages 0-4 was 13.5% in 2021.
- Poverty disproportionately impacts young children in low-income households.
- Reducing child poverty is a key policy goal to support healthy child development.
FAQs
Q: What does this economic trend measure?
A: The Poverty Universe, Age 0-4 for Massachusetts tracks the percentage of children under 5 years old living below the federal poverty line in the state.
Q: Why is this trend relevant for users or analysts?
A: This metric provides critical insights into the economic security and well-being of young families in Massachusetts, which is essential for informing social programs and policy interventions.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Census Bureau's American Community Survey.
Q: How is this trend used in economic policy?
A: Trends in child poverty are closely monitored by economists and policymakers to develop and evaluate initiatives aimed at reducing economic hardship and promoting family stability.
Q: Are there update delays or limitations?
A: The data is published annually with a delay of approximately one year.
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Citation
U.S. Federal Reserve, Poverty Universe, Age 0-4 for Massachusetts (PUA0T4MA25000A647NCEN), retrieved from FRED.