Poverty Universe, All Ages for Hillsdale County, MI
PUAAMI26059A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
44,215.00
Year-over-Year Change
-1.74%
Date Range
1/1/1998 - 1/1/2023
Summary
The Poverty Universe, All Ages for Hillsdale County, MI measures the total population living below the poverty line in this Michigan county. This metric is crucial for policymakers and economists to assess economic hardship and target social programs effectively.
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 Hillsdale County, MI represents the total number of individuals, regardless of age, living below the federally defined poverty threshold in this specific geographic area. This data helps identify economic challenges and guide policy decisions to support low-income communities.
Methodology
The U.S. Census Bureau collects this data annually through household surveys.
Historical Context
Poverty data informs social welfare policies, shapes public and private investment decisions, and provides important context for analyzing regional economic conditions.
Key Facts
- Hillsdale County, MI had a total population of 45,935 in 2021.
- The poverty rate for all ages in Hillsdale County was 13.1% in 2021.
- Poverty data is crucial for guiding social programs and economic development.
FAQs
Q: What does this economic trend measure?
A: The Poverty Universe, All Ages for Hillsdale County, MI measures the total number of individuals living below the federal poverty line in this Michigan county.
Q: Why is this trend relevant for users or analysts?
A: This poverty data is essential for policymakers, researchers, and community leaders to assess economic hardship, allocate social services, and guide investment decisions in Hillsdale County.
Q: How is this data collected or calculated?
A: The U.S. Census Bureau collects this data annually through household surveys and census reports.
Q: How is this trend used in economic policy?
A: Poverty data informs social welfare policies, shapes public and private investment decisions, and provides important context for analyzing regional economic conditions.
Q: Are there update delays or limitations?
A: There may be some delay in data availability, as the Census Bureau releases annual poverty estimates with a lag. The data may also have limitations in capturing all aspects of economic hardship.
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Citation
U.S. Census Bureau, Poverty Universe, All Ages for Hillsdale County, MI (PUAAMI26059A647NCEN), retrieved from FRED.