Poverty Universe, All Ages for Ellis County, TX
PUAATX48139A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
220,367.00
Year-over-Year Change
46.26%
Date Range
1/1/1998 - 1/1/2023
Summary
The Poverty Universe, All Ages for Ellis County, TX measures the total population living below the poverty line in this Texas county. This metric is crucial for understanding the economic well-being and social challenges facing 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
The Poverty Universe, All Ages data represents the total number of individuals, regardless of age, whose household income falls below the federal poverty threshold in Ellis County, Texas. This statistic is widely used by policymakers, researchers, and nonprofits to identify areas of concentrated poverty and guide the allocation of public resources.
Methodology
The data is collected through the U.S. Census Bureau's American Community Survey.
Historical Context
Poverty metrics like this one inform decisions around social programs, infrastructure investments, and economic development initiatives at the local and regional level.
Key Facts
- Ellis County, TX had a total population of 173,193 in 2021.
- The poverty rate for all ages in Ellis County was 10.2% in 2021.
- Poverty levels vary significantly across different neighborhoods and demographic groups within the county.
FAQs
Q: What does this economic trend measure?
A: The Poverty Universe, All Ages for Ellis County, TX measures the total number of individuals living below the federal poverty line in this Texas county, regardless of their age.
Q: Why is this trend relevant for users or analysts?
A: Poverty metrics like this one are crucial for understanding the socioeconomic challenges facing local communities and informing decisions around social programs, infrastructure investments, and economic development initiatives.
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 data at the county level is used by policymakers, researchers, and nonprofits to identify areas of concentrated poverty and guide the allocation of public resources.
Q: Are there update delays or limitations?
A: The American Community Survey data is released on an annual basis, so there may be a 1-year delay in the availability of the most recent figures.
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Citation
U.S. Federal Reserve, Poverty Universe, All Ages for Ellis County, TX (PUAATX48139A647NCEN), retrieved from FRED.