Poverty Universe, All Ages for Grundy County, TN
PUAATN47061A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
13,728.00
Year-over-Year Change
3.02%
Date Range
1/1/1998 - 1/1/2023
Summary
The Poverty Universe, All Ages for Grundy County, TN metric measures the total population in poverty across all age groups within this specific county. This statistic is important for understanding economic conditions and allocating social services.
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 trend represents the total number of people living below the poverty line in Grundy County, Tennessee, regardless of age. The poverty universe includes individuals in families and those living alone, providing a comprehensive view of economic hardship in the county.
Methodology
The data is collected through the U.S. Census Bureau's American Community Survey.
Historical Context
Policymakers and local organizations use this metric to inform decisions around social program funding and resource distribution.
Key Facts
- Grundy County, TN had a poverty rate of 25.5% in 2021.
- The poverty universe includes 4,342 individuals in Grundy County.
- Poverty rates are higher in rural counties like Grundy compared to urban areas.
FAQs
Q: What does this economic trend measure?
A: The Poverty Universe, All Ages for Grundy County, TN metric measures the total population living below the poverty line in this specific county, regardless of age.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the economic conditions and hardship faced by individuals and families in Grundy County, Tennessee, which can inform policy decisions and resource allocation.
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: Policymakers and local organizations use this metric to guide decisions around social program funding and resource distribution in Grundy County, Tennessee.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, so it may not reflect the most recent economic conditions in the county.
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Citation
U.S. Federal Reserve, Poverty Universe, All Ages for Grundy County, TN (PUAATN47061A647NCEN), retrieved from FRED.