Poverty Universe, All Ages for Williamson County, TX
PUAATX48491A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
692,037.00
Year-over-Year Change
58.45%
Date Range
1/1/1998 - 1/1/2023
Summary
The Poverty Universe, All Ages for Williamson County, TX measures the total population living below the poverty line in this Texas county. This metric is crucial for policymakers and economists to assess economic well-being and guide social welfare 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 for Williamson County, TX represents the number of individuals of all ages living in households with income below the federal poverty threshold in this specific geographic area. This data is used to evaluate poverty rates, income inequality, and the efficacy of anti-poverty initiatives.
Methodology
The data is collected through the U.S. Census Bureau's American Community Survey.
Historical Context
Poverty trends help inform decisions around social safety net programs, economic development, and targeted policy interventions.
Key Facts
- Williamson County, TX has a population of over 600,000 people.
- The poverty rate in Williamson County was 7.4% in 2020.
- Poverty levels vary significantly by age, race, and household composition in the county.
FAQs
Q: What does this economic trend measure?
A: The Poverty Universe, All Ages for Williamson County, TX measures the total number of individuals living in households with income below the federal poverty threshold in this Texas county.
Q: Why is this trend relevant for users or analysts?
A: This poverty metric is crucial for policymakers, social service providers, and economists to assess economic well-being, guide anti-poverty initiatives, and evaluate the effectiveness of social welfare programs.
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 helps inform decisions around social safety net programs, economic development strategies, and targeted policy interventions to address income inequality and improve quality of life.
Q: Are there update delays or limitations?
A: The American Community Survey data is published annually, with a 1-year lag, so the most recent figures may not reflect the current economic conditions.
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Citation
U.S. Federal Reserve, Poverty Universe, All Ages for Williamson County, TX (PUAATX48491A647NCEN), retrieved from FRED.