Poverty Universe, All Ages for Cherokee County, SC
PUAASC45021A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
55,469.00
Year-over-Year Change
1.20%
Date Range
1/1/1998 - 1/1/2023
Summary
The Poverty Universe, All Ages for Cherokee County, SC measures the total number of people living in poverty in the county, regardless of age. This metric is crucial for policymakers and social service providers to understand the scale and demographics of poverty in the region.
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 Cherokee County, SC represents the total population living below the federal poverty line in this South Carolina county. It provides a comprehensive view of poverty across all age groups, enabling analysts to identify trends, target resources, and evaluate the effectiveness of anti-poverty initiatives.
Methodology
The data is collected through the U.S. Census Bureau's American Community Survey.
Historical Context
This metric is widely used by government agencies, nonprofits, and researchers to inform social welfare policies and allocate funding for programs serving low-income populations.
Key Facts
- Cherokee County, SC had a total population of 55,905 in 2021.
- The Poverty Universe, All Ages for Cherokee County was 13,104 in 2021.
- The poverty rate in Cherokee County was 23.4% in 2021.
FAQs
Q: What does this economic trend measure?
A: The Poverty Universe, All Ages for Cherokee County, SC measures the total number of people living in poverty in the county, regardless of age.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for policymakers and social service providers to understand the scale and demographics of poverty in the region, enabling them to target resources and evaluate the effectiveness of anti-poverty initiatives.
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 by government agencies, nonprofits, and researchers to inform social welfare policies and allocate funding for programs serving low-income populations.
Q: Are there update delays or limitations?
A: The Poverty Universe data is typically updated annually, with a delay of approximately one year.
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Citation
U.S. Federal Reserve, Poverty Universe, All Ages for Cherokee County, SC (PUAASC45021A647NCEN), retrieved from FRED.