Poverty Universe, Age 5-17 related for Colorado
PUA5T17RCO08000A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
889,175.00
Year-over-Year Change
1.98%
Date Range
1/1/1998 - 1/1/2023
Summary
The Poverty Universe, Age 5-17 related for Colorado measures the number of children aged 5 to 17 living in poverty within the state. This metric is crucial for understanding the economic well-being of families and informing social policies.
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 indicator tracks the population of children between 5 and 17 years old who are living in households below the federal poverty line in Colorado. It provides insight into the extent of childhood poverty and can help guide targeted assistance programs and investments.
Methodology
The data is collected through the U.S. Census Bureau's American Community Survey.
Historical Context
Policymakers and researchers use this trend to assess the need for social services, educational resources, and anti-poverty initiatives in Colorado.
Key Facts
- Colorado's childhood poverty rate was 12.8% in 2021.
- The number of children aged 5-17 living in poverty in Colorado decreased by 3.2% from 2020 to 2021.
- Childhood poverty disproportionately affects certain demographic groups in Colorado.
FAQs
Q: What does this economic trend measure?
A: The Poverty Universe, Age 5-17 related for Colorado measures the number of children aged 5 to 17 living in households below the federal poverty line within the state.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the extent of childhood poverty in Colorado, which can inform social policies, resource allocation, and targeted assistance programs.
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: Policymakers and researchers use this trend to assess the need for social services, educational resources, and anti-poverty initiatives in Colorado.
Q: Are there update delays or limitations?
A: The data is subject to the update schedule and potential limitations of the American Community Survey.
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Citation
U.S. Federal Reserve, Poverty Universe, Age 5-17 related for Colorado (PUA5T17RCO08000A647NCEN), retrieved from FRED.