Poverty Universe, All Ages for Orange County, CA
PUAACA06059A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,089,759.00
Year-over-Year Change
2.35%
Date Range
1/1/1998 - 1/1/2023
Summary
The Poverty Universe, All Ages for Orange County, CA measures the total population living below the poverty line in Orange County, California. This metric is crucial for policymakers and economists to assess economic well-being and target social programs.
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 Orange County, CA represents the number of individuals of all ages living in households with income below the federal poverty threshold in Orange County, California. This data provides insights into the prevalence and distribution of poverty in the region, which informs decisions on social services, public assistance programs, and economic development initiatives.
Methodology
The data is collected through the U.S. Census Bureau's American Community Survey.
Historical Context
Poverty data helps guide policymakers and community organizations in allocating resources and designing programs to support low-income households.
Key Facts
- Orange County's poverty rate was 9.5% in 2021.
- The poverty universe includes 321,000 individuals in Orange County.
- Poverty levels vary significantly by age, with higher rates among children and the elderly.
FAQs
Q: What does this economic trend measure?
A: The Poverty Universe, All Ages for Orange County, CA measures the total population living below the federal poverty threshold in Orange County, California.
Q: Why is this trend relevant for users or analysts?
A: This data is crucial for policymakers, community organizations, and economists to assess economic well-being, target social programs, and inform decisions on resource allocation and economic development 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: Poverty data helps guide policymakers and community organizations in allocating resources and designing programs to support low-income households in Orange County, California.
Q: Are there update delays or limitations?
A: The Poverty Universe data is published annually with a delay, and may be subject to sampling and estimation errors inherent in survey-based statistics.
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Citation
U.S. Federal Reserve, Poverty Universe, All Ages for Orange County, CA (PUAACA06059A647NCEN), retrieved from FRED.