Poverty Universe, All Ages for Minnehaha County, SD
PUAASD46099A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
202,347.00
Year-over-Year Change
21.89%
Date Range
1/1/1998 - 1/1/2023
Summary
This economic trend measures the population living below the poverty line for all ages in Minnehaha County, South Dakota. It provides important insights into the economic well-being of the local community.
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 represents the total number of people living in poverty within a given geographic area. This metric is a key indicator of economic hardship and is used by policymakers and researchers to understand trends in regional poverty levels.
Methodology
The data is collected through the U.S. Census Bureau's American Community Survey.
Historical Context
This poverty metric can inform decisions around social programs, infrastructure investment, and economic development initiatives.
Key Facts
- Minnehaha County's poverty rate is 10.7% as of the latest data.
- The poverty universe includes both individuals and families below the poverty line.
- Poverty data is collected annually through the American Community Survey.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total population living below the poverty line in Minnehaha County, South Dakota, including individuals and families of all ages.
Q: Why is this trend relevant for users or analysts?
A: The poverty universe is a key indicator of economic hardship and well-being in a local community, informing decisions around social programs, infrastructure, and economic development.
Q: How is this data collected or calculated?
A: The data is collected annually through the U.S. Census Bureau's American Community Survey.
Q: How is this trend used in economic policy?
A: Poverty data can help guide policymakers and institutions in allocating resources and designing initiatives to address economic disparities and promote community development.
Q: Are there update delays or limitations?
A: The poverty data is released annually, with a typical 1-year lag in availability.
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Citation
U.S. Federal Reserve, Poverty Universe, All Ages for Minnehaha County, SD (PUAASD46099A647NCEN), retrieved from FRED.