Poverty Universe, All Ages for Duval County, TX
PUAATX48131A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8,867.00
Year-over-Year Change
-19.86%
Date Range
1/1/1998 - 1/1/2023
Summary
The Poverty Universe, All Ages for Duval County, TX measures the total population living below the poverty line in this Texas county. This metric is critical for policymakers and researchers assessing the socioeconomic conditions and needs of local communities.
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 tracks the number of individuals, regardless of age, living in Duval County, Texas with incomes below the federal poverty threshold. The poverty universe represents the total population for whom poverty status can be determined, providing a comprehensive view of poverty levels in the region.
Methodology
The data is collected through the U.S. Census Bureau's American Community Survey (ACS).
Historical Context
This poverty metric informs policy decisions and resource allocation at the local and state level.
Key Facts
- Duval County, TX has a population of over 11,000 as of the latest data.
- The poverty rate in Duval County is significantly higher than the national average.
- Poverty levels vary widely across different age groups and demographics within the county.
FAQs
Q: What does this economic trend measure?
A: The Poverty Universe, All Ages for Duval County, TX measures the total population living below the federal poverty line in this Texas county.
Q: Why is this trend relevant for users or analysts?
A: This metric is critical for policymakers and researchers assessing the socioeconomic conditions and needs of local communities.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Census Bureau's American Community Survey (ACS).
Q: How is this trend used in economic policy?
A: This poverty metric informs policy decisions and resource allocation at the local and state level.
Q: Are there update delays or limitations?
A: The ACS data is subject to typical survey release schedules and potential margin of error.
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Citation
U.S. Federal Reserve, Poverty Universe, All Ages for Duval County, TX (PUAATX48131A647NCEN), retrieved from FRED.