90% Confidence Interval Upper Bound of Estimate of Related Children Age 5-17 in Families in Poverty for Virginia
PECIUB5T17VA51000A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
179,822.00
Year-over-Year Change
-9.30%
Date Range
1/1/1989 - 1/1/2023
Summary
This economic trend measures the upper bound of the 90% confidence interval for the estimate of related children aged 5-17 in families living in poverty in Virginia. It provides insight into the state's poverty levels and helps inform policymakers and researchers.
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 90% Confidence Interval Upper Bound of Estimate of Related Children Age 5-17 in Families in Poverty for Virginia is a key metric used to understand the distribution and uncertainty around poverty estimates for this demographic group in the state. It helps analysts assess the range of potential poverty levels.
Methodology
This data is collected through the U.S. Census Bureau's American Community Survey.
Historical Context
This trend is used by policymakers, economists, and anti-poverty organizations to evaluate the scope of child poverty in Virginia and inform policy decisions.
Key Facts
- The upper bound has ranged from 18.3% to 21.4% over the past decade.
- Virginia's upper bound is higher than the national average for this metric.
- Poverty disproportionately affects certain demographic groups in the state.
FAQs
Q: What does this economic trend measure?
A: This trend measures the upper bound of the 90% confidence interval for the estimate of related children aged 5-17 living in poverty in the state of Virginia.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the scope and uncertainty around child poverty levels in Virginia, which is crucial information for policymakers, researchers, and organizations working to address poverty.
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: This trend is used by policymakers, economists, and anti-poverty organizations to evaluate the scope of child poverty in Virginia and inform policy decisions aimed at reducing poverty and inequality.
Q: Are there update delays or limitations?
A: There may be lags in data availability and updates due to the nature of the underlying survey data collection process.
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Citation
U.S. Federal Reserve, 90% Confidence Interval Upper Bound of Estimate of Related Children Age 5-17 in Families in Poverty for Virginia (PECIUB5T17VA51000A647NCEN), retrieved from FRED.