Poverty Universe, All Ages for Colorado
PUAACO08000A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,757,095.00
Year-over-Year Change
15.09%
Date Range
1/1/1998 - 1/1/2023
Summary
The 'Poverty Universe, All Ages for Colorado' measures the total population living below the poverty line in Colorado. This metric is crucial for policymakers and economists to assess economic well-being and guide social welfare 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
This series represents the number of people of all ages in Colorado living in households with income below the federal poverty threshold. It is an important indicator of the state's economic health and standard of living.
Methodology
The data is collected through the U.S. Census Bureau's annual American Community Survey.
Historical Context
Poverty data informs decisions around income support, education, and community development programs.
Key Facts
- Colorado's poverty rate in 2021 was 10.5%.
- Poverty disproportionately affects children and the elderly in Colorado.
- The poverty threshold for a family of four in 2021 was $26,500.
FAQs
Q: What does this economic trend measure?
A: The 'Poverty Universe, All Ages for Colorado' measures the total number of people of all ages in Colorado living in households with income below the federal poverty threshold.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for policymakers and economists to assess economic well-being and guide social welfare programs in Colorado.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Census Bureau's annual American Community Survey.
Q: How is this trend used in economic policy?
A: Poverty data informs decisions around income support, education, and community development programs in Colorado.
Q: Are there update delays or limitations?
A: The data is updated annually by the U.S. Census Bureau, and there may be a 1-2 year lag in the most recent figures.
Related Trends
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Gross Domestic Product: Other Transportation and Support Activities (487-488, 492) in Colorado
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Gross Domestic Product: Administrative and Support and Waste Management and Remediation Services (56) in Colorado
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Real Gross Domestic Product: Rental and Leasing Services and Lessors of Nonfinancial Intangible Assets (532-533) in Colorado
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Citation
U.S. Federal Reserve, Poverty Universe, All Ages for Colorado (PUAACO08000A647NCEN), retrieved from FRED.