Poverty Universe, All Ages for Allegany County, MD
PUAAMD24001A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
61,178.00
Year-over-Year Change
-8.19%
Date Range
1/1/1998 - 1/1/2023
Summary
This economic trend measures the total population living below the poverty line in Allegany County, Maryland, across all age groups. It provides important insights into the economic well-being and inequality within the county.
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 Allegany County, MD series tracks the total number of individuals of any age living below the federally defined poverty threshold within this specific geographic area. This data is used by policymakers, researchers, and community organizations to analyze trends in local poverty and guide social programs.
Methodology
The data is collected through the U.S. Census Bureau's American Community Survey.
Historical Context
This poverty metric informs economic development, social welfare, and community investment decisions at the county level.
Key Facts
- Allegany County has a population of around 72,000 as of the latest data.
- The county's poverty rate across all ages is higher than the national average.
- Poverty metrics help guide social service allocation and anti-poverty initiatives.
FAQs
Q: What does this economic trend measure?
A: This trend tracks the total number of individuals of any age living below the federal poverty line in Allegany County, Maryland.
Q: Why is this trend relevant for users or analysts?
A: Poverty data is crucial for understanding economic inequality, informing social programs, and guiding community development efforts at the local 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 metrics help policymakers, researchers, and community organizations analyze trends, allocate social services, and develop anti-poverty initiatives at the county level.
Q: Are there update delays or limitations?
A: The data is published with a lag, and may be subject to sampling and estimation errors inherent in survey-based measurements.
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Citation
U.S. Federal Reserve, Poverty Universe, All Ages for Allegany County, MD (PUAAMD24001A647NCEN), retrieved from FRED.