Poverty Universe, All Ages for Rockingham County, NC
PUAANC37157A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
91,512.00
Year-over-Year Change
-0.85%
Date Range
1/1/1998 - 1/1/2023
Summary
The Poverty Universe, All Ages for Rockingham County, NC measures the total population living below the poverty line in this North Carolina county. This metric is crucial for policymakers and economists to understand regional economic conditions and social welfare.
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 Rockingham County, NC represents the number of individuals of all ages living in households with incomes below the federal poverty threshold in this specific geographic area. This data helps analysts and policymakers assess the scale and distribution of poverty within the county.
Methodology
The data is collected through the U.S. Census Bureau's American Community Survey.
Historical Context
Poverty trends are closely monitored by government agencies, nonprofit organizations, and economic researchers to inform social programs and economic development initiatives.
Key Facts
- Rockingham County, NC had a poverty rate of 17.5% in 2021.
- The county's poverty level is higher than the national average of 11.6%.
- Poverty disproportionately affects certain demographic groups in the region.
FAQs
Q: What does this economic trend measure?
A: The Poverty Universe, All Ages for Rockingham County, NC measures the total population living below the federal poverty line in this North Carolina county.
Q: Why is this trend relevant for users or analysts?
A: Poverty data is crucial for policymakers and economists to understand regional economic conditions and social welfare, informing programs and initiatives to address economic disparities.
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 trends are closely monitored by government agencies, nonprofit organizations, and economic researchers to inform social programs and economic development initiatives.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, and may not capture rapid changes in economic conditions.
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Citation
U.S. Federal Reserve, Poverty Universe, All Ages for Rockingham County, NC (PUAANC37157A647NCEN), retrieved from FRED.