Poverty Universe, All Ages for Champaign County, IL
PUAAIL17019A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
190,640.00
Year-over-Year Change
2.65%
Date Range
1/1/1998 - 1/1/2023
Summary
The Poverty Universe, All Ages for Champaign County, IL measures the total population living below the poverty line in this specific geographic area. This statistic is important for policymakers and researchers analyzing social and economic trends.
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 indicator represents the number of individuals of all ages living in poverty within Champaign County, Illinois. It is a key metric used to understand the level of economic hardship and need within a local community.
Methodology
The data is collected through the U.S. Census Bureau's American Community Survey.
Historical Context
Poverty statistics like this help guide decisions around social programs, community development, and economic policies.
Key Facts
- Champaign County, IL had a poverty rate of 17.4% in 2019.
- Poverty disproportionately affects children, with a 24.2% child poverty rate.
- The poverty universe includes both those with income below the poverty line and those in group quarters.
FAQs
Q: What does this economic trend measure?
A: The Poverty Universe, All Ages for Champaign County, IL measures the total number of individuals living below the federal poverty threshold in this geographic area.
Q: Why is this trend relevant for users or analysts?
A: This poverty statistic is crucial for understanding economic hardship, targeting social services, and informing policy decisions within Champaign County and the surrounding region.
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 metrics like this help guide decisions around social programs, community development initiatives, and other economic policies aimed at reducing hardship and increasing opportunity.
Q: Are there update delays or limitations?
A: The American Community Survey data is released on an annual basis, so there may be a 1-year delay in the most recent figures being available.
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Citation
U.S. Federal Reserve, Poverty Universe, All Ages for Champaign County, IL (PUAAIL17019A647NCEN), retrieved from FRED.