Poverty Universe, All Ages for Lafayette County, WI
PUAAWI55065A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
16,820.00
Year-over-Year Change
1.28%
Date Range
1/1/1998 - 1/1/2023
Summary
The Poverty Universe, All Ages for Lafayette County, WI tracks the total number of individuals living below the poverty line in this Wisconsin county. This metric is a key indicator of economic hardship and wellbeing within the local community.
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 metric represents the total population in Lafayette County, WI that is living below the official federal poverty threshold. This data point is used by policymakers, researchers, and community organizations to assess levels of poverty and need within the county.
Methodology
The data is collected through the U.S. Census Bureau's annual American Community Survey.
Historical Context
Poverty data helps guide social service programs and economic development initiatives at the local level.
Key Facts
- Lafayette County, WI has a population of over 16,000 residents.
- The poverty rate in the county was 10.5% as of the latest data.
- Poverty levels vary significantly by demographic group within the county.
FAQs
Q: What does this economic trend measure?
A: The Poverty Universe, All Ages for Lafayette County, WI tracks 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: Poverty data is a key indicator of economic hardship and well-being within a local community, helping to guide social service programs and economic development initiatives.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Census Bureau's annual American Community Survey.
Q: How is this trend used in economic policy?
A: Poverty data helps inform policymakers, researchers, and community organizations on levels of need and guides the allocation of social services and economic development programs at the local level.
Q: Are there update delays or limitations?
A: The data is published annually with a slight delay as it is collected through the Census Bureau's survey.
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Citation
U.S. Federal Reserve, Poverty Universe, All Ages for Lafayette County, WI (PUAAWI55065A647NCEN), retrieved from FRED.