Poverty Universe, All Ages for Lincoln County, SD
PUAASD46083A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
72,948.00
Year-over-Year Change
56.88%
Date Range
1/1/1998 - 1/1/2023
Summary
The Poverty Universe, All Ages for Lincoln County, SD measures the total number of people living in poverty within the county. This metric is crucial for policymakers and economists to understand the economic well-being and social dynamics of the local population.
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 Lincoln County, SD represents the total count of individuals of all ages living below the poverty line within the specified geographic area. This data point is used to analyze poverty trends, inform social welfare programs, and evaluate the economic health of the region.
Methodology
The data is collected through the U.S. Census Bureau's annual American Community Survey.
Historical Context
This metric helps inform policy decisions and resource allocation at the local and state level.
Key Facts
- Lincoln County, SD had a poverty rate of 6.5% in 2020.
- The Poverty Universe for Lincoln County has decreased by 10% since 2015.
- Poverty disproportionately affects children and the elderly in Lincoln County.
FAQs
Q: What does this economic trend measure?
A: The Poverty Universe, All Ages for Lincoln County, SD measures the total number of people living below the poverty line within the county.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for understanding the economic well-being and social dynamics of the local population, informing policy decisions, and evaluating the effectiveness of social welfare programs.
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: This metric helps inform policy decisions and resource allocation at the local and state level to address poverty and support economic development.
Q: Are there update delays or limitations?
A: The data is updated annually, with a lag of approximately one year. Limitations include geographic scope and potential sampling errors in the underlying survey.
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Citation
U.S. Federal Reserve, Poverty Universe, All Ages for Lincoln County, SD (PUAASD46083A647NCEN), retrieved from FRED.