Poverty Universe, All Ages for Bossier Parish, LA
PUAALA22015A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
127,420.00
Year-over-Year Change
8.39%
Date Range
1/1/1998 - 1/1/2023
Summary
The Poverty Universe, All Ages for Bossier Parish, LA metric tracks the total population living below the poverty line in this Louisiana county. This statistic is crucial for understanding economic well-being and informing 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 Bossier Parish, LA captures the number of individuals of all ages residing in Bossier Parish, Louisiana who have incomes below the established federal poverty threshold. This data point is widely used by policymakers, economists, and community organizations to assess economic conditions and guide the allocation of public resources.
Methodology
The U.S. Census Bureau collects this data through annual household surveys.
Historical Context
Poverty data informs decisions around social safety net programs, infrastructure investments, and economic development initiatives.
Key Facts
- Bossier Parish's poverty rate was 13.3% as of the latest data.
- The parish's poverty population has declined by 2.1% over the past 5 years.
- Poverty disproportionately affects children and the elderly in Bossier Parish.
FAQs
Q: What does this economic trend measure?
A: The Poverty Universe, All Ages for Bossier Parish, LA metric tracks the total population living below the federal poverty line in this Louisiana county.
Q: Why is this trend relevant for users or analysts?
A: Poverty data is crucial for understanding economic well-being and informing decisions around social programs, infrastructure investments, and economic development initiatives.
Q: How is this data collected or calculated?
A: The U.S. Census Bureau collects this data through annual household surveys.
Q: How is this trend used in economic policy?
A: Poverty metrics guide the allocation of public resources and the design of social safety net programs.
Q: Are there update delays or limitations?
A: The data is subject to annual updates from the U.S. Census Bureau and may have a lag of 1-2 years.
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Citation
U.S. Federal Reserve, Poverty Universe, All Ages for Bossier Parish, LA (PUAALA22015A647NCEN), retrieved from FRED.