Poverty Universe, All Ages for Florence County, WI

PUAAWI55037A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)

Latest Value

4,633.00

Year-over-Year Change

6.12%

Date Range

1/1/1998 - 1/1/2023

Summary

The Poverty Universe, All Ages for Florence County, WI tracks the total population living below the poverty line in this Wisconsin county. This metric is crucial for assessing economic well-being and guiding 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

The Poverty Universe, All Ages for Florence County, WI represents the total number of individuals of all ages living below the federally defined poverty threshold in this rural Wisconsin county. This data point is widely used by economists, policymakers, and community organizations to evaluate poverty levels and target anti-poverty initiatives.

Methodology

The data is collected through the U.S. Census Bureau's American Community Survey.

Historical Context

This poverty metric helps inform policy decisions and resource allocation at the local and state level.

Key Facts

  • Florence County, WI has a population of around 4,300 people.
  • The poverty rate in Florence County is higher than the national average.
  • Tracking poverty levels is crucial for directing social services and anti-poverty programs.

FAQs

Q: What does this economic trend measure?

A: The Poverty Universe, All Ages for Florence County, WI measures the total number of individuals living below the federal poverty line in this Wisconsin county.

Q: Why is this trend relevant for users or analysts?

A: This poverty metric is crucial for assessing economic well-being, informing policy decisions, and targeting anti-poverty initiatives at the local level.

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 like this helps guide the allocation of social services and resources at the state and local level.

Q: Are there update delays or limitations?

A: There may be some delay in data availability due to the Census Bureau's collection and reporting schedule.

Related Trends

Citation

U.S. Federal Reserve, Poverty Universe, All Ages for Florence County, WI (PUAAWI55037A647NCEN), retrieved from FRED.