Poverty Universe, All Ages for Summit County, CO
PUAACO08117A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
30,377.00
Year-over-Year Change
9.10%
Date Range
1/1/1998 - 1/1/2023
Summary
The Poverty Universe, All Ages for Summit County, CO measures the total population living below the poverty line in Summit County, Colorado. This statistic is crucial for policymakers and economists to understand the economic well-being and socioeconomic conditions in the region.
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 Summit County, CO represents the total number of individuals of all ages living in households with income below the federal poverty threshold in Summit County, Colorado. This metric is widely used to assess the scale and distribution of poverty within a geographic area.
Methodology
The data is collected through the U.S. Census Bureau's American Community Survey.
Historical Context
Poverty data is integral for informing social welfare policies, economic development initiatives, and resource allocation decisions at the local and regional level.
Key Facts
- Summit County, CO has a population of around 31,000 people.
- The poverty rate in Summit County is below the national average.
- Poverty data helps target social services and community programs.
FAQs
Q: What does this economic trend measure?
A: The Poverty Universe, All Ages for Summit County, CO measures the total population living below the federal poverty line in Summit County, Colorado.
Q: Why is this trend relevant for users or analysts?
A: Poverty data is crucial for understanding the economic well-being and socioeconomic conditions in a region, informing policy decisions, and allocating resources.
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 is integral for informing social welfare policies, economic development initiatives, and resource allocation decisions at the local and regional level.
Q: Are there update delays or limitations?
A: The American Community Survey data has a one-year lag, but provides reliable, comprehensive poverty estimates for small geographic areas.
Related Trends
Poverty Universe, All Ages for Sully County, SD
PUAASD46119A647NCEN
Poverty Universe, Age 5-17 related for Antrim County, MI
PUA5T17RMI26009A647NCEN
Poverty Universe, All Ages for Jefferson County, WA
PUAAWA53031A647NCEN
Poverty Universe, Age 0-17 for Duval County, TX
PUA0T17TX48131A647NCEN
Poverty Universe, Age 0-17 for Posey County, IN
PUA0T17IN18129A647NCEN
Poverty Universe, All Ages for Lebanon County, PA
PUAAPA42075A647NCEN
Citation
U.S. Federal Reserve, Poverty Universe, All Ages for Summit County, CO (PUAACO08117A647NCEN), retrieved from FRED.