Poverty Universe, All Ages for Granville County, NC
PUAANC37077A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
58,740.00
Year-over-Year Change
9.80%
Date Range
1/1/1998 - 1/1/2023
Summary
The Poverty Universe, All Ages for Granville County, NC measures the total number of people living in poverty in the county, regardless of age. This metric is crucial for understanding the economic well-being and development of the local community.
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 Granville County, NC represents the total population living below the federal poverty line in the county. This data is used by policymakers, researchers, and community organizations to assess the prevalence of poverty and inform social programs and economic initiatives.
Methodology
The data is collected through the U.S. Census Bureau's American Community Survey.
Historical Context
This metric is widely used to evaluate the effectiveness of anti-poverty policies and guide the allocation of public resources.
Key Facts
- The poverty rate in Granville County, NC was 15.3% in 2020.
- The total number of people living in poverty in the county was 9,841 in 2020.
- Poverty rates are higher among certain demographic groups, such as children and racial minorities.
FAQs
Q: What does the Poverty Universe, All Ages for Granville County, NC measure?
A: This metric measures the total number of people living in poverty in Granville County, North Carolina, regardless of age.
Q: Why is this trend relevant for users or analysts?
A: This data is crucial for understanding the economic well-being of the local community and informing social programs and economic initiatives aimed at reducing poverty.
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: This metric is widely used to evaluate the effectiveness of anti-poverty policies and guide the allocation of public resources.
Q: Are there update delays or limitations?
A: The data is updated annually, and there may be some delays in reporting due to the survey process.
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Citation
U.S. Federal Reserve, Poverty Universe, All Ages for Granville County, NC (PUAANC37077A647NCEN), retrieved from FRED.