Poverty Universe, All Ages for Utah
PUAAUT49000A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,363,174.00
Year-over-Year Change
21.36%
Date Range
1/1/1998 - 1/1/2023
Summary
The Poverty Universe, All Ages for Utah measures the total population living below the poverty line in the state. This metric is crucial for policymakers and economists to assess social and economic well-being.
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 Utah represents the total number of people of all ages in the state living with incomes below the federal poverty threshold. This data is used to evaluate the effectiveness of anti-poverty programs and inform decisions on resource allocation.
Methodology
The data is collected through the U.S. Census Bureau's annual Current Population Survey.
Historical Context
Poverty data is a key input for federal and state governments when determining social program funding and policy priorities.
Key Facts
- Utah's poverty rate is consistently lower than the national average.
- The Poverty Universe includes individuals in families, as well as unrelated individuals.
- Poverty data helps target social services to communities with the greatest need.
FAQs
Q: What does this economic trend measure?
A: The Poverty Universe, All Ages for Utah measures the total number of people of all ages living below the federal poverty line in the state.
Q: Why is this trend relevant for users or analysts?
A: Poverty data is crucial for policymakers and economists to assess social and economic well-being and determine the effectiveness of anti-poverty programs.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Census Bureau's annual Current Population Survey.
Q: How is this trend used in economic policy?
A: Poverty data is a key input for federal and state governments when determining social program funding and policy priorities.
Q: Are there update delays or limitations?
A: The Poverty Universe data is updated annually, with a delay of several months from the end of the reference year.
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Citation
U.S. Federal Reserve, Poverty Universe, All Ages for Utah (PUAAUT49000A647NCEN), retrieved from FRED.