Poverty Universe, All Ages for Fannin County, TX
PUAATX48147A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
34,440.00
Year-over-Year Change
11.47%
Date Range
1/1/1998 - 1/1/2023
Summary
The Poverty Universe, All Ages for Fannin County, TX measures the total population living below the poverty line in this Texas county. This metric is crucial for policymakers and researchers to understand economic conditions and target social programs.
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 statistic represents the total number of individuals, regardless of age, whose household income falls below the federally defined poverty threshold in Fannin County, Texas. This data point is used to analyze regional poverty levels and trends over time.
Methodology
The U.S. Census Bureau collects this data through household surveys and tabulates the Poverty Universe based on respondents' self-reported income and household composition.
Historical Context
Poverty data helps guide the allocation of federal and state funding for social services, infrastructure, and economic development initiatives in Fannin County and similar communities.
Key Facts
- Fannin County's Poverty Universe was 8,742 as of the latest data.
- Poverty rates tend to be higher in rural counties like Fannin.
- Poverty data informs the allocation of federal social program funding.
FAQs
Q: What does this economic trend measure?
A: The Poverty Universe, All Ages for Fannin County, TX measures the total population living below the federally defined poverty line in this Texas county.
Q: Why is this trend relevant for users or analysts?
A: Poverty data is crucial for policymakers and researchers to understand economic conditions and target social programs in Fannin County and similar communities.
Q: How is this data collected or calculated?
A: The U.S. Census Bureau collects this data through household surveys and tabulates the Poverty Universe based on respondents' self-reported income and household composition.
Q: How is this trend used in economic policy?
A: Poverty data helps guide the allocation of federal and state funding for social services, infrastructure, and economic development initiatives in Fannin County and similar communities.
Q: Are there update delays or limitations?
A: The Poverty Universe data is published by the Census Bureau with a lag, and may not reflect the most recent economic conditions in Fannin County.
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Citation
U.S. Federal Reserve, Poverty Universe, All Ages for Fannin County, TX (PUAATX48147A647NCEN), retrieved from FRED.