Poverty Universe, All Ages for Owsley County, KY
PUAAKY21189A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,910.00
Year-over-Year Change
-17.00%
Date Range
1/1/1998 - 1/1/2023
Summary
The 'Poverty Universe, All Ages for Owsley County, KY' metric tracks the total population in poverty for Owsley County, Kentucky. This statistic is crucial for understanding economic hardship and informing policymakers about regional needs.
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 below the federal poverty threshold in Owsley County, Kentucky. It is a key measure of economic well-being and deprivation at the county level, used by governments, nonprofits, and researchers to target resources and monitor trends.
Methodology
The data is collected through the U.S. Census Bureau's American Community Survey.
Historical Context
Poverty metrics help guide the allocation of federal, state, and local funds for social services, infrastructure, and economic development initiatives.
Key Facts
- Owsley County, KY has one of the highest poverty rates in the U.S.
- Over 40% of Owsley County residents live below the federal poverty line.
- Poverty has persisted in Owsley County for decades.
FAQs
Q: What does this economic trend measure?
A: The 'Poverty Universe, All Ages for Owsley County, KY' metric tracks the total population in poverty for Owsley County, Kentucky.
Q: Why is this trend relevant for users or analysts?
A: This statistic is crucial for understanding economic hardship and informing policymakers about regional needs in Owsley County.
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 help guide the allocation of federal, state, and local funds for social services, infrastructure, and economic development initiatives.
Q: Are there update delays or limitations?
A: The American Community Survey data is released annually with a lag of approximately one year.
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Citation
U.S. Federal Reserve, Poverty Universe, All Ages for Owsley County, KY (PUAAKY21189A647NCEN), retrieved from FRED.