Poverty Universe, All Ages for Montgomery County, PA
PUAAPA42091A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
846,780.00
Year-over-Year Change
7.90%
Date Range
1/1/1998 - 1/1/2023
Summary
The 'Poverty Universe, All Ages for Montgomery County, PA' measures the total population living below the poverty line in this region. This data is crucial for policymakers and economists to understand the socioeconomic conditions and target resources effectively.
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 residing in Montgomery County, Pennsylvania who are considered to be living in poverty based on the federal poverty thresholds. It provides a key indicator of economic hardship and well-being within the local community.
Methodology
The data is collected through the U.S. Census Bureau's annual American Community Survey.
Historical Context
Poverty metrics are widely used to inform social welfare programs, economic development initiatives, and other public policies at the state and local level.
Key Facts
- Montgomery County, PA has a population of over 830,000 people.
- The poverty rate in Montgomery County was 8.3% in 2021.
- Poverty data is critical for distributing federal and state aid.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total number of individuals of all ages residing in Montgomery County, Pennsylvania who are considered to be living below the federal poverty line.
Q: Why is this trend relevant for users or analysts?
A: Poverty data is essential for policymakers, social service providers, and economic analysts to understand the socioeconomic conditions in a local area and target resources and programs effectively.
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 metrics are widely used to inform social welfare programs, economic development initiatives, and other public policies at the state and local level.
Q: Are there update delays or limitations?
A: The poverty data is published annually with a slight delay, as it relies on the American Community Survey.
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Citation
U.S. Federal Reserve, Poverty Universe, All Ages for Montgomery County, PA (PUAAPA42091A647NCEN), retrieved from FRED.