Poverty Universe, All Ages for Fayette County, WV
PUAAWV54019A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
37,480.00
Year-over-Year Change
-14.38%
Date Range
1/1/1998 - 1/1/2023
Summary
This trend measures the total number of people living in poverty in Fayette County, West Virginia, across all age groups. Understanding poverty levels is crucial for policymakers and social service providers to allocate resources and develop effective anti-poverty initiatives.
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 Fayette County, WV metric tracks the total population living below the poverty line in this specific geographic area. This data is used by economists, social scientists, and local government to analyze economic hardship, inform policy decisions, and guide the allocation of public assistance programs.
Methodology
This data is collected and calculated by the U.S. Census Bureau through annual household surveys.
Historical Context
Poverty statistics are closely monitored by federal, state, and local authorities to guide social welfare programs and economic development initiatives.
Key Facts
- Fayette County, WV has a poverty rate of 20.3% as of the latest data.
- Poverty levels in Fayette County are higher than the national average.
- The poverty universe includes individuals of all ages, not just children or the elderly.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of people living in poverty in Fayette County, West Virginia, across all age groups.
Q: Why is this trend relevant for users or analysts?
A: Understanding poverty levels is crucial for policymakers and social service providers to allocate resources and develop effective anti-poverty initiatives.
Q: How is this data collected or calculated?
A: This data is collected and calculated by the U.S. Census Bureau through annual household surveys.
Q: How is this trend used in economic policy?
A: Poverty statistics are closely monitored by federal, state, and local authorities to guide social welfare programs and economic development initiatives.
Q: Are there update delays or limitations?
A: The data is subject to the typical update schedule and limitations of Census Bureau surveys.
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Citation
U.S. Federal Reserve, Poverty Universe, All Ages for Fayette County, WV (PUAAWV54019A647NCEN), retrieved from FRED.