Poverty Universe, Age 5-17 related for Montana
PUA5T17RMT30000A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
173,959.00
Year-over-Year Change
11.89%
Date Range
1/1/1998 - 1/1/2023
Summary
The Poverty Universe, Age 5-17 related for Montana measures the total number of people aged 5-17 living in poverty within the state. This economic indicator is important for understanding regional poverty trends and informing social welfare 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 series tracks the total number of individuals aged 5-17 years old living in poverty-level households in the state of Montana. It provides critical insights into the scale and distribution of child poverty, which is a key factor in determining need for social services, educational interventions, and family assistance programs.
Methodology
The data is collected through the U.S. Census Bureau's American Community Survey.
Historical Context
Policymakers and social services organizations use this metric to allocate resources and design programs to support low-income families and children.
Key Facts
- Montana's child poverty rate is higher than the national average.
- Poverty has significant impacts on educational outcomes and child development.
- Reducing child 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 5-17 related for Montana metric measures the total number of individuals aged 5-17 living in poverty-level households within the state.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides critical insights into regional child poverty levels, which informs the design and allocation of social services, educational programs, and family assistance initiatives.
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 services organizations use this metric to allocate resources and design programs to support low-income families and children in Montana.
Q: Are there update delays or limitations?
A: The data is published annually with a modest time lag, reflecting the comprehensive survey process.
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Citation
U.S. Federal Reserve, Poverty Universe, Age 5-17 related for Montana (PUA5T17RMT30000A647NCEN), retrieved from FRED.