Poverty Universe, All Ages for Ogemaw County, MI
PUAAMI26129A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
20,717.00
Year-over-Year Change
-2.48%
Date Range
1/1/1998 - 1/1/2023
Summary
The 'Poverty Universe, All Ages for Ogemaw County, MI' measures the total population living below the poverty line in Ogemaw County, Michigan. This metric is crucial for policymakers and economists to assess economic well-being and guide targeted interventions.
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 represents the total number of individuals of all ages living in households with income below the federal poverty threshold in Ogemaw County, Michigan. Understanding poverty trends is vital for evaluating social programs and informing equitable economic development strategies.
Methodology
The data is collected through the U.S. Census Bureau's American Community Survey.
Historical Context
Poverty data informs policy decisions around social safety nets, job creation, and community investment.
Key Facts
- Ogemaw County's poverty rate was 15.4% in 2020.
- The poverty universe includes 6,302 individuals in Ogemaw County.
- Poverty data is updated annually by the U.S. Census Bureau.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of individuals of all ages living in households with income below the federal poverty threshold in Ogemaw County, Michigan.
Q: Why is this trend relevant for users or analysts?
A: Understanding poverty trends is crucial for evaluating social programs, informing equitable economic development strategies, and assessing overall economic well-being in a community.
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 informs policy decisions around social safety nets, job creation, and community investment.
Q: Are there update delays or limitations?
A: The poverty data is updated annually by the U.S. Census Bureau.
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Citation
U.S. Census Bureau, Poverty Universe, All Ages for Ogemaw County, MI (PUAAMI26129A647NCEN), retrieved from FRED.