Poverty Universe, All Ages for Pendleton County, WV
PUAAWV54071A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,931.00
Year-over-Year Change
-20.76%
Date Range
1/1/1998 - 1/1/2023
Summary
This economic trend measures the population living below the poverty line in Pendleton County, West Virginia, across all age groups. It is a key indicator for assessing economic well-being and targeting social programs.
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 data represents the total number of individuals in Pendleton County, WV, whose household income falls below the federal poverty threshold. This statistic is widely used by policymakers, researchers, and local governments to understand regional economic conditions and identify areas of need.
Methodology
The data is collected through the U.S. Census Bureau's American Community Survey.
Historical Context
Poverty rates are a crucial input for distributing federal aid and developing effective economic development strategies.
Key Facts
- Pendleton County, WV has a population of around 7,000.
- The poverty rate in Pendleton County was 16.5% in 2020.
- Poverty disproportionately affects children and the elderly in Pendleton County.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of individuals in Pendleton County, West Virginia whose household income falls below the federal poverty threshold, regardless of age.
Q: Why is this trend relevant for users or analysts?
A: Poverty rates are a key indicator of economic well-being and are used by policymakers, researchers, and local governments to target social programs and develop economic development strategies.
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 is a crucial input for distributing federal aid and informing policy decisions aimed at reducing economic hardship in local communities.
Q: Are there update delays or limitations?
A: The data is subject to the publication schedule of the American Community Survey, which may result in occasional delays in data availability.
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Citation
U.S. Federal Reserve, Poverty Universe, All Ages for Pendleton County, WV (PUAAWV54071A647NCEN), retrieved from FRED.