Poverty Universe, All Ages for Plymouth County, MA
PUAAMA25023A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
525,670.00
Year-over-Year Change
8.08%
Date Range
1/1/1998 - 1/1/2023
Summary
The Poverty Universe, All Ages for Plymouth County, MA measures the total population living below the poverty line in this Massachusetts county. This metric is critical for assessing economic well-being and informing public policy decisions.
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 Plymouth County, MA represents the total number of individuals of all ages residing in Plymouth County, MA who are living below the official federal poverty threshold. This data is used by economists, policymakers, and social service providers to evaluate economic conditions and target anti-poverty initiatives.
Methodology
The data is collected through the U.S. Census Bureau's American Community Survey.
Historical Context
Poverty rates are a key indicator monitored by the Federal Reserve and other government agencies to understand economic trends and guide policy responses.
Key Facts
- The poverty universe represents the total population, not just those in poverty.
- Plymouth County had a poverty rate of 9.2% in 2021.
- Poverty data is used to allocate federal and state funding for social services.
FAQs
Q: What does this economic trend measure?
A: The Poverty Universe, All Ages for Plymouth County, MA measures the total population living below the federal poverty line in this Massachusetts county.
Q: Why is this trend relevant for users or analysts?
A: Poverty data is critical for assessing economic well-being, targeting social services, and informing public policy decisions at the local and regional level.
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 rates are monitored by the Federal Reserve and other government agencies to understand economic conditions and guide policy responses.
Q: Are there update delays or limitations?
A: The Poverty Universe data is published annually with a delay of approximately one year.
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Citation
U.S. Federal Reserve, Poverty Universe, All Ages for Plymouth County, MA (PUAAMA25023A647NCEN), retrieved from FRED.