Poverty Universe, Age 0-4 for North Carolina
PUA0T4NC37000A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
588,710.00
Year-over-Year Change
-5.13%
Date Range
1/1/1998 - 1/1/2023
Summary
This economic trend measures the poverty universe, which includes the population aged 0-4 years old in North Carolina. Understanding child poverty rates is crucial for evaluating the well-being and development of the state's youngest residents.
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 the total population considered to be living in poverty based on the official poverty threshold. This metric provides important insights into the economic security and access to resources for young children in North Carolina.
Methodology
The data is collected through the U.S. Census Bureau's annual surveys and calculations of the official poverty rate.
Historical Context
Policymakers and researchers use this trend to inform social programs, public investments, and economic policies targeted at supporting low-income families and children.
Key Facts
- North Carolina's poverty universe for ages 0-4 was 24.6% in 2021.
- Child poverty has long-term impacts on educational, health, and economic outcomes.
- Addressing childhood poverty is a key priority for policymakers in North Carolina.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total population aged 0-4 years old in North Carolina who are considered to be living in poverty based on the official poverty threshold.
Q: Why is this trend relevant for users or analysts?
A: Understanding childhood poverty rates is crucial for evaluating the well-being and development of a state's youngest residents, and can inform policies and programs to support low-income families.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Census Bureau's annual surveys and calculations of the official poverty rate.
Q: How is this trend used in economic policy?
A: Policymakers and researchers use this trend to inform social programs, public investments, and economic policies targeted at supporting low-income families and children in North Carolina.
Q: Are there update delays or limitations?
A: The data is updated annually, with the most recent year's information typically available within 12-18 months.
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Citation
U.S. Federal Reserve, Poverty Universe, Age 0-4 for North Carolina (PUA0T4NC37000A647NCEN), retrieved from FRED.