Poverty Universe, All Ages for Isabella County, MI
PUAAMI26073A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
60,110.00
Year-over-Year Change
-6.19%
Date Range
1/1/1998 - 1/1/2023
Summary
The Poverty Universe, All Ages for Isabella County, MI metric tracks the total population living below the poverty line in this Michigan county. It is a key economic indicator used by policymakers and researchers to understand regional poverty trends.
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
This series measures the number of people of all ages living in households with incomes below the federal poverty threshold in Isabella County, Michigan. The poverty universe encompasses the total non-institutionalized population, excluding military personnel living in barracks.
Methodology
The data is collected through the U.S. Census Bureau's American Community Survey.
Historical Context
This metric is used to inform social programs, economic development initiatives, and other policy decisions at the local and state level.
Key Facts
- Isabella County, MI has a population of around 70,000 people.
- The poverty rate in Isabella County is higher than the national average.
- Poverty data helps guide social service programs and economic development.
FAQs
Q: What does this economic trend measure?
A: The Poverty Universe, All Ages for Isabella County, MI metric tracks the total population living below the federal poverty line in this Michigan county.
Q: Why is this trend relevant for users or analysts?
A: This data is crucial for understanding regional poverty levels and informing social programs, economic development initiatives, and other policy decisions at the local and state 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 data is used by policymakers, economists, and social service providers to assess needs, allocate resources, and measure the impacts of economic and social welfare programs.
Q: Are there update delays or limitations?
A: The data is subject to the release schedule and methodological changes of the American Community Survey.
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Citation
U.S. Federal Reserve, Poverty Universe, All Ages for Isabella County, MI (PUAAMI26073A647NCEN), retrieved from FRED.