Poverty Universe, All Ages for Prince George's County, MD
PUAAMD24033A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
925,836.00
Year-over-Year Change
9.06%
Date Range
1/1/1998 - 1/1/2023
Summary
This economic trend measures the population living below the poverty line in Prince George's County, Maryland, providing crucial insights into the region's economic well-being and inequality.
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 Prince George's County, MD tracks the proportion of residents in the county who are living in poverty, regardless of age. This metric is widely used by economists, policymakers, and social service providers to understand the scope and dynamics of poverty in a specific geographic area.
Methodology
The data is collected through the U.S. Census Bureau's annual American Community Survey.
Historical Context
Analyzing trends in poverty levels helps inform policy decisions and resource allocation aimed at reducing economic hardship and promoting inclusive growth.
Key Facts
- Prince George's County has a population of over 900,000 residents.
- The poverty rate in the county has fluctuated between 10-15% in recent years.
- Reducing poverty is a key priority for local government and community organizations.
FAQs
Q: What does this economic trend measure?
A: The Poverty Universe, All Ages for Prince George's County, MD tracks the proportion of residents in the county who are living below the poverty line, regardless of age.
Q: Why is this trend relevant for users or analysts?
A: Analyzing poverty levels in a specific geographic area provides crucial insights into the region's economic well-being and inequality, helping to inform policy decisions and resource allocation aimed at reducing economic hardship.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Census Bureau's annual American Community Survey.
Q: How is this trend used in economic policy?
A: Trends in poverty levels help guide policymakers and social service providers in developing and implementing programs and initiatives to address economic hardship and promote inclusive growth in the county.
Q: Are there update delays or limitations?
A: The data is updated annually, with a slight delay due to the time required for the Census Bureau to collect and process the information.
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Citation
U.S. Census Bureau, Poverty Universe, All Ages for Prince George's County, MD (PUAAMD24033A647NCEN), retrieved from FRED.