Poverty Universe, Age 0-4 for Minnesota
PUA0T4MN27000A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
320,943.00
Year-over-Year Change
-7.31%
Date Range
1/1/1998 - 1/1/2023
Summary
The Poverty Universe, Age 0-4 for Minnesota measures the number of people aged 0-4 living in poverty within the state. This data point is crucial for understanding early childhood poverty and informing policymaking.
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 series tracks the total number of Minnesotans aged 0-4 who are classified as living in poverty according to the U.S. Census Bureau's poverty thresholds. It provides insights into the economic well-being of young children, a key demographic for assessing the state's social safety net and human capital development.
Methodology
The data is collected through the U.S. Census Bureau's annual Current Population Survey.
Historical Context
Policymakers and child welfare organizations use this metric to guide investments in early childhood programs and services.
Key Facts
- Minnesota's 0-4 poverty rate was 12.5% in 2021.
- Poverty in early childhood can have long-term impacts on health and education.
- Reducing childhood poverty is a key policy goal for many state and local governments.
FAQs
Q: What does this economic trend measure?
A: The Poverty Universe, Age 0-4 for Minnesota measures the number of people aged 0-4 living in poverty within the state according to the U.S. Census Bureau's poverty thresholds.
Q: Why is this trend relevant for users or analysts?
A: This data is crucial for understanding early childhood poverty and informing policymaking to support young children and families in Minnesota.
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: Policymakers and child welfare organizations use this metric to guide investments in early childhood programs and services.
Q: Are there update delays or limitations?
A: The data is published annually with a delay of several months, and may be subject to sampling and estimation errors.
Related Trends
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MNREALRGSP
Residence Adjustment in Minnesota
MNEADJ
All Employees: Manufacturing: Durable Goods: Machine Shops; Turned Product; and Screw, Nut, and Bolt Manufacturing in Minnesota
SMU27000003133270001
Real Gross Domestic Product: Educational Services, Health Care, and Social Assistance (61, 62) in Minnesota
MNEDHLTHSOCASSRGSP
Imports of Goods: Non-Manufactured Commodities for Minnesota
IMPNONMN
Real Gross Domestic Product: Transportation and Warehousing (48-49) in Minnesota
MNTRANSWARERQGSP
Citation
U.S. Federal Reserve, Poverty Universe, Age 0-4 for Minnesota (PUA0T4MN27000A647NCEN), retrieved from FRED.