Poverty Universe, All Ages for Mono County, CA
PUAACA06051A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
12,942.00
Year-over-Year Change
-8.96%
Date Range
1/1/1998 - 1/1/2023
Summary
The Poverty Universe, All Ages for Mono County, CA measures the total number of people living in poverty in Mono County, California. This metric is crucial for policymakers and economists to understand the economic well-being and social conditions within specific geographic areas.
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, All Ages for Mono County, CA represents the total population living below the poverty line in this California county. It is an important indicator of the local standard of living and can inform decisions around social programs, economic development, and the allocation of public resources.
Methodology
This data is collected through the U.S. Census Bureau's annual American Community Survey.
Historical Context
Trends in the Poverty Universe help analysts and policymakers assess the effectiveness of anti-poverty initiatives and identify areas of need within a region.
Key Facts
- Mono County has a total population of around 14,000 people.
- The poverty rate in Mono County is lower than the national average.
- Poverty data is essential for distributing federal and state aid.
FAQs
Q: What does this economic trend measure?
A: The Poverty Universe, All Ages for Mono County, CA measures the total number of people living below the poverty line in this California county.
Q: Why is this trend relevant for users or analysts?
A: Poverty data is crucial for policymakers and economists to understand the economic well-being and social conditions within specific geographic areas, and to inform decisions around social programs, economic development, and the allocation of public resources.
Q: How is this data collected or calculated?
A: This data is collected through the U.S. Census Bureau's annual American Community Survey.
Q: How is this trend used in economic policy?
A: Trends in the Poverty Universe help analysts and policymakers assess the effectiveness of anti-poverty initiatives and identify areas of need within a region.
Q: Are there update delays or limitations?
A: The Poverty Universe data is updated annually through the American Community Survey, so there may be a delay of up to a year before the most recent data is available.
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Citation
U.S. Federal Reserve, Poverty Universe, All Ages for Mono County, CA (PUAACA06051A647NCEN), retrieved from FRED.