Poverty Universe, Age 5-17 related for El Paso County, CO
PUA5T17RCO08041A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
122,271.00
Year-over-Year Change
5.10%
Date Range
1/1/1998 - 1/1/2023
Summary
The Poverty Universe, Age 5-17 related for El Paso County, CO measures the number of children aged 5 to 17 living in poverty within the county. This metric is crucial for understanding the economic well-being and development of the local population.
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 individuals aged 5 to 17 years old who are considered to be living in poverty conditions in El Paso County, Colorado. It provides insight into the prevalence of childhood poverty, which is a key indicator of a region's economic and social stability.
Methodology
The data is collected through the U.S. Census Bureau's American Community Survey.
Historical Context
Policymakers and social service organizations use this metric to allocate resources and design programs to support low-income families and promote child welfare.
Key Facts
- El Paso County, CO has a population of over 730,000 as of 2021.
- The poverty rate for children aged 5-17 in the county was 15.7% in 2020.
- Childhood poverty is linked to poorer educational and health outcomes.
FAQs
Q: What does this economic trend measure?
A: The Poverty Universe, Age 5-17 related for El Paso County, CO measures the total number of children aged 5 to 17 years old living in poverty conditions within the county.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for understanding the economic well-being and development of the local population, as childhood poverty is linked to poorer outcomes in education, health, and future earning potential.
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 social service organizations use this metric to allocate resources and design programs to support low-income families and promote child welfare in the county.
Q: Are there update delays or limitations?
A: The data is published 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 5-17 related for El Paso County, CO (PUA5T17RCO08041A647NCEN), retrieved from FRED.