Poverty Universe, All Ages for Bamberg County, SC
PUAASC45009A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
12,289.00
Year-over-Year Change
-18.01%
Date Range
1/1/1998 - 1/1/2023
Summary
The Poverty Universe, All Ages for Bamberg County, SC measures the total population living below the poverty line in Bamberg County, South Carolina. This metric is crucial for understanding the economic well-being and social challenges faced by local communities.
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 Bamberg County, SC represents the total number of individuals of all ages residing in Bamberg County, South Carolina who are classified as living in poverty based on federal poverty guidelines. This data is used by policymakers, researchers, and community organizations to assess the prevalence of poverty and inform strategies for economic development and social support.
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 and non-profit organizations to inform policy decisions and resource allocation.
Key Facts
- Bamberg County, SC has a population of approximately 14,500 people.
- The poverty rate in Bamberg County is significantly higher than the national average.
- Poverty can have far-reaching impacts on education, health, and employment outcomes.
FAQs
Q: What does this economic trend measure?
A: The Poverty Universe, All Ages for Bamberg County, SC measures the total number of individuals of all ages living below the federal poverty line in Bamberg County, South Carolina.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for understanding the economic well-being and social challenges faced by local communities, which informs policy decisions and resource allocation by government agencies and non-profit organizations.
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 and non-profit organizations to inform policy decisions and resource allocation aimed at addressing economic and social challenges faced by local communities.
Q: Are there update delays or limitations?
A: The data is subject to the publication schedule and methodological limitations of the American Community Survey conducted by the U.S. Census Bureau.
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Citation
U.S. Federal Reserve, Poverty Universe, All Ages for Bamberg County, SC (PUAASC45009A647NCEN), retrieved from FRED.