Poverty Universe, All Ages for Alcorn County, MS
PUAAMS28003A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
33,404.00
Year-over-Year Change
-8.53%
Date Range
1/1/1998 - 1/1/2023
Summary
This economic trend measures the poverty universe, which includes all persons for Alcorn County, Mississippi. It provides critical insights into the economic well-being and social challenges faced by the local population.
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 represents the total number of people living below the poverty line in a given geographic area. This metric is widely used by policymakers, researchers, and social service providers to identify and address issues of income inequality and economic hardship.
Methodology
The data is collected through the U.S. Census Bureau's American Community Survey.
Historical Context
Poverty data informs decisions around social welfare programs, infrastructure investments, and economic development initiatives.
Key Facts
- Alcorn County has a poverty rate of 19.5% as of the latest data.
- The poverty universe includes over 7,000 individuals in Alcorn County.
- Poverty data is critical for targeting social services and economic development programs.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of people living below the poverty line in Alcorn County, Mississippi. It provides a comprehensive view of economic hardship in the local population.
Q: Why is this trend relevant for users or analysts?
A: Poverty data is essential for policymakers, social service providers, and economic development planners to identify areas of need, allocate resources, and design effective programs to address income inequality and improve community well-being.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Census Bureau's American Community Survey, a comprehensive household survey that provides detailed socioeconomic information for local communities.
Q: How is this trend used in economic policy?
A: Poverty data informs decisions around social welfare programs, infrastructure investments, and economic development initiatives aimed at lifting individuals and families out of poverty and promoting broader prosperity.
Q: Are there update delays or limitations?
A: The poverty universe data is updated annually as part of the American Community Survey. There may be a 1-2 year delay in the most recent data being available.
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Citation
U.S. Census Bureau, Poverty Universe, All Ages for Alcorn County, MS (PUAAANS28003A647NCEN), retrieved from FRED.