Poverty Universe, All Ages for Carlton County, MN
PUAAMN27017A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
34,935.00
Year-over-Year Change
3.40%
Date Range
1/1/1998 - 1/1/2023
Summary
The Poverty Universe, All Ages for Carlton County, MN tracks the total number of individuals living below the poverty line in this Minnesota county. This metric is crucial for assessing economic well-being and informing social policy decisions.
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 Carlton County, MN represents the total number of people of all ages living in households with income below the federally defined poverty threshold in this specific county. This data point is used by policymakers, researchers, and local governments to understand the scope of poverty and allocate resources accordingly.
Methodology
The data is collected through the U.S. Census Bureau's annual American Community Survey.
Historical Context
This poverty metric is widely used to evaluate the economic conditions and need for social services within a community.
Key Facts
- Carlton County, MN had a poverty rate of 11.2% in 2020.
- The Poverty Universe represents over 6,700 individuals in Carlton County.
- Poverty data helps target social programs and resources.
FAQs
Q: What does this economic trend measure?
A: The Poverty Universe, All Ages for Carlton County, MN measures the total number of individuals living below the federal poverty line in this Minnesota county.
Q: Why is this trend relevant for users or analysts?
A: This poverty data is crucial for assessing economic well-being and informing social policy decisions within Carlton County and surrounding areas.
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: Poverty metrics like this are widely used by policymakers, researchers, and local governments to evaluate economic conditions and allocate social services and resources accordingly.
Q: Are there update delays or limitations?
A: There may be some delays in data availability due to the nature of the American Community Survey, but the information provides a reliable snapshot of poverty levels in Carlton County.
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Citation
U.S. Federal Reserve, Poverty Universe, All Ages for Carlton County, MN (PUAAMN27017A647NCEN), retrieved from FRED.