Poverty Universe, All Ages for Lake County, TN
PUAATN47095A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,620.00
Year-over-Year Change
-12.00%
Date Range
1/1/1998 - 1/1/2023
Summary
The Poverty Universe, All Ages for Lake County, TN measures the total population living below the poverty line in this Tennessee county. This key economic indicator helps assess local living standards and guide policymakers.
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 series represents the total number of people of all ages living in poverty in Lake County, Tennessee. It is an important measure of economic hardship and well-being within a specific geographic area, used by governments, researchers, and service providers.
Methodology
The data is collected through the U.S. Census Bureau's American Community Survey.
Historical Context
Poverty rates are closely tracked by policymakers to inform decisions on social programs, economic development, and public investment.
Key Facts
- Lake County, TN has a total population of around 7,000 people.
- The poverty rate in Lake County is over 30%, significantly higher than the national average.
- Poverty disproportionately affects children and the elderly in this rural Tennessee county.
FAQs
Q: What does this economic trend measure?
A: The Poverty Universe, All Ages for Lake County, TN measures the total number of people of all ages living below the poverty line in this Tennessee county.
Q: Why is this trend relevant for users or analysts?
A: Poverty rates are a key indicator of economic hardship and well-being within a local area, used by policymakers, service providers, and researchers to guide decisions and allocate resources.
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 rates are closely tracked by policymakers to inform decisions on social programs, economic development, and public investment in impoverished communities.
Q: Are there update delays or limitations?
A: As with any survey data, there may be lags in reporting and potential sampling errors, but the Census Bureau's American Community Survey provides the most comprehensive and authoritative poverty estimates at the local level.
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Citation
U.S. Federal Reserve, Poverty Universe, All Ages for Lake County, TN (PUAATN47095A647NCEN), retrieved from FRED.