Poverty Universe, All Ages for Wichita County, TX
PUAATX48485A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
118,821.00
Year-over-Year Change
0.24%
Date Range
1/1/1998 - 1/1/2023
Summary
The Poverty Universe, All Ages for Wichita County, TX measures the total population living below the poverty line in the county. This metric is crucial for understanding economic hardship 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 total number of individuals of all ages living in poverty within Wichita County, Texas. It is an important indicator of economic well-being and can help guide social programs and resource allocation at the local level.
Methodology
The data is collected through the U.S. Census Bureau's American Community Survey.
Historical Context
Policymakers and local governments use this metric to identify areas of need and target anti-poverty initiatives.
Key Facts
- Wichita County, TX had a poverty rate of 15.7% in 2021.
- The Poverty Universe measures 35,785 individuals in Wichita County.
- Poverty rates are higher among children and the elderly in the county.
FAQs
Q: What does this economic trend measure?
A: The Poverty Universe, All Ages for Wichita County, TX measures the total number of individuals living below the poverty line in the county.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for understanding economic hardship and can inform policy decisions to target anti-poverty initiatives in the local area.
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: Policymakers and local governments use this metric to identify areas of need and allocate resources for social programs.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, and may not capture the most recent economic conditions.
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Citation
U.S. Federal Reserve, Poverty Universe, All Ages for Wichita County, TX (PUAATX48485A647NCEN), retrieved from FRED.