Poverty Universe, All Ages for Herkimer County, NY
PUAANY36043A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
58,290.00
Year-over-Year Change
-7.13%
Date Range
1/1/1998 - 1/1/2023
Summary
The 'Poverty Universe, All Ages for Herkimer County, NY' measures the total population living below the poverty line in Herkimer County, New York. This metric is crucial for policymakers and economists to assess socioeconomic conditions and target social welfare programs.
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
This series represents the total number of individuals of all ages living in households with income below the federal poverty threshold in Herkimer County, New York. It is an important indicator of economic hardship and well-being within the local community.
Methodology
The data is collected through the U.S. Census Bureau's American Community Survey.
Historical Context
Poverty rate trends help guide state and local government policies and resource allocation.
Key Facts
- Herkimer County, NY had a poverty rate of 15.2% in 2021.
- The poverty universe represents over 16,000 individuals in Herkimer County.
- Poverty rates in Herkimer County are higher than the statewide average for New York.
FAQs
Q: What does this economic trend measure?
A: The 'Poverty Universe, All Ages for Herkimer County, NY' measures the total population living below the federal poverty line in Herkimer County, New York.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for policymakers and economists to assess socioeconomic conditions and target social welfare programs within the local community.
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 rate trends help guide state and local government policies and resource allocation for social services and economic development programs.
Q: Are there update delays or limitations?
A: The data is published annually with a slight delay due to the survey collection process.
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Citation
U.S. Federal Reserve, Poverty Universe, All Ages for Herkimer County, NY (PUAANY36043A647NCEN), retrieved from FRED.