Poverty Universe, All Ages for Mills County, TX
PUAATX48333A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,354.00
Year-over-Year Change
-6.91%
Date Range
1/1/1998 - 1/1/2023
Summary
The Poverty Universe, All Ages for Mills County, TX measures the total population living below the poverty line in that county. This metric is crucial for assessing economic wellbeing and informing policy decisions.
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 number of individuals of all ages living in poverty within Mills County, Texas. It is an important indicator of the economic conditions and hardship faced by the local population, and is used by policymakers and analysts to target social programs and investments.
Methodology
The data is collected through the U.S. Census Bureau's American Community Survey.
Historical Context
This metric is widely used by government agencies, nonprofits, and researchers to understand poverty trends and allocate resources accordingly.
Key Facts
- Mills County, TX had a poverty rate of 17.5% in 2020.
- The poverty universe includes both individuals and families below the poverty line.
- Poverty data is crucial for targeted social programs and resource allocation.
FAQs
Q: What does this economic trend measure?
A: The Poverty Universe, All Ages for Mills County, TX measures the total number of individuals of all ages living below the poverty line in that county.
Q: Why is this trend relevant for users or analysts?
A: This metric is essential for understanding the economic conditions and hardship faced by the local population, and informs policymakers and social service providers on where to target resources and investments.
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 is widely used by government agencies, nonprofits, and researchers to allocate resources and design policies and programs to address economic hardship and improve social welfare.
Q: Are there update delays or limitations?
A: The data is published annually with a slight delay, and may be subject to sampling and estimation uncertainties inherent in survey-based measurements.
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Citation
U.S. Census Bureau, Poverty Universe, All Ages for Mills County, TX (PUAATX48333A647NCEN), retrieved from FRED.