Poverty Universe, All Ages for West Virginia
PUAAWV54000A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,716,160.00
Year-over-Year Change
-4.80%
Date Range
1/1/1998 - 1/1/2023
Summary
The Poverty Universe, All Ages for West Virginia measures the total population living below the poverty line in the state. This metric is crucial for policymakers and economists to assess the economic well-being and social dynamics of West Virginia.
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 West Virginia represents the total number of individuals of all ages living in poverty within the state. This statistic is widely used to evaluate the effectiveness of social programs, guide resource allocation, and understand broader economic and demographic trends in the region.
Methodology
The data is collected through the U.S. Census Bureau's annual surveys and calculations based on the federal poverty thresholds.
Historical Context
Poverty data informs decision-making on public assistance, workforce development, and regional economic policy.
Key Facts
- The Poverty Universe for West Virginia includes over 300,000 individuals.
- Poverty rates in West Virginia are among the highest in the nation.
- Poverty data helps guide the allocation of over $450 billion in federal assistance.
FAQs
Q: What does this economic trend measure?
A: The Poverty Universe, All Ages for West Virginia measures the total number of individuals of all ages living below the federal poverty line within the state.
Q: Why is this trend relevant for users or analysts?
A: Poverty data is crucial for policymakers, social service providers, and economists to assess economic well-being, guide resource allocation, and understand broader demographic and social trends in West Virginia.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Census Bureau's annual surveys and calculations based on the federal poverty thresholds.
Q: How is this trend used in economic policy?
A: Poverty data informs decision-making on public assistance programs, workforce development initiatives, and regional economic policy in West Virginia.
Q: Are there update delays or limitations?
A: The Poverty Universe data is published annually with a slight delay, reflecting the time required for data collection and processing by the Census Bureau.
Related Trends
Average Duration (in Quarters) from Business Application to Formation Within Four Quarters: Total for All NAICS in West Virginia
BFDUR4QTOTALNSAWV
Average Hourly Earnings of All Employees: Private Service Providing in West Virginia
SMU54000000800000003
Chain-Type Quantity Index for Real GDP: Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523) in West Virginia
WVSECCOMINVQGSP
Real Gross Domestic Product: Private Services-Providing Industries in West Virginia
WVPRISERVPRORGSP
Average Weekly Hours of Production Employees: Professional and Business Services in West Virginia
SMU54000006000000007A
Average Weekly Earnings of Production Employees: Trade, Transportation, and Utilities in West Virginia
SMU54000004000000030
Citation
U.S. Federal Reserve, Poverty Universe, All Ages for West Virginia (PUAAWV54000A647NCEN), retrieved from FRED.