Poverty Universe, All Ages for Union County, MS
PUAAMS28145A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
27,986.00
Year-over-Year Change
3.69%
Date Range
1/1/1998 - 1/1/2023
Summary
The Poverty Universe, All Ages for Union County, MS measures the total population living below the poverty line in this geographic area. This metric is crucial for policymakers and researchers to understand socioeconomic conditions and target anti-poverty initiatives.
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 Union County, MS represents the total number of individuals of all ages living below the official poverty threshold in this county. This data provides insight into the scale and demographics of poverty, informing public programs and economic development strategies.
Methodology
The data is collected through the U.S. Census Bureau's annual American Community Survey.
Historical Context
Poverty trends are closely monitored by government, nonprofit, and academic institutions to guide social welfare policies and community investments.
Key Facts
- Union County, MS had a poverty rate of 17.7% in 2020.
- Poverty disproportionately affects children and the elderly in this region.
- Median household income in Union County is $46,250, below the national average.
FAQs
Q: What does this economic trend measure?
A: The Poverty Universe, All Ages for Union County, MS tracks the total population living below the federal poverty line in this geographic area.
Q: Why is this trend relevant for users or analysts?
A: Understanding poverty levels is crucial for policymakers, community organizations, and researchers to develop effective anti-poverty initiatives and allocate social services.
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 data informs federal, state, and local policies related to social welfare programs, community development, and economic inequality.
Q: Are there update delays or limitations?
A: The American Community Survey data has a 1-year time lag, with the most recent figures available for 2020.
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Citation
U.S. Federal Reserve, Poverty Universe, All Ages for Union County, MS (PUAAMS28145A647NCEN), retrieved from FRED.