Poverty Universe, All Ages for Franklin County, TX
PUAATX48159A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10,649.00
Year-over-Year Change
2.26%
Date Range
1/1/1998 - 1/1/2023
Summary
The Poverty Universe, All Ages for Franklin County, TX measures the total population living below the poverty line in this Texas county. This key metric helps policymakers and analysts understand economic conditions and guide 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
This indicator tracks the absolute number and percentage of Franklin County, TX residents of all ages whose income falls below the federal poverty threshold. It is a critical data point for evaluating community need and informing poverty alleviation initiatives.
Methodology
The U.S. Census Bureau collects this data through annual household surveys.
Historical Context
Poverty statistics are used by government agencies, nonprofits, and researchers to assess economic hardship and target resources.
Key Facts
- Franklin County, TX has a population of over 10,000 residents.
- The county's poverty rate is higher than the statewide average.
- Poverty data informs social program budgets and eligibility.
FAQs
Q: What does this economic trend measure?
A: The Poverty Universe, All Ages for Franklin County, TX tracks the total population living below the federal poverty line in this Texas county.
Q: Why is this trend relevant for users or analysts?
A: Poverty statistics are crucial for evaluating economic hardship, informing social policies, and targeting anti-poverty initiatives in local communities.
Q: How is this data collected or calculated?
A: The U.S. Census Bureau collects this data through annual household surveys.
Q: How is this trend used in economic policy?
A: Poverty data is used by government agencies, nonprofits, and researchers to assess community needs and allocate resources for social welfare programs.
Q: Are there update delays or limitations?
A: The data is subject to the release schedule and methodological constraints of the Census Bureau's annual surveys.
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Citation
U.S. Federal Reserve, Poverty Universe, All Ages for Franklin County, TX (PUAATX48159A647NCEN), retrieved from FRED.