90% Confidence Interval Lower Bound of Estimate of Percent of People Under Age 5 in Poverty for Maryland
PPCILB0T4MD24000A156NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
11.60
Year-over-Year Change
-21.62%
Date Range
1/1/1989 - 1/1/2023
Summary
This trend measures the lower bound of the 90% confidence interval for the estimated percentage of people under age 5 living in poverty in Maryland. It provides insight into child poverty levels in the state.
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 lower bound estimate of the percent of people under 5 in poverty for Maryland is a statistical measure used to assess the economic well-being of young children in the state. It helps policymakers and analysts understand the scale and severity of child poverty.
Methodology
This data is collected through the U.S. Census Bureau's American Community Survey.
Historical Context
Policymakers and organizations use this trend to inform decisions about social welfare programs and resource allocation for low-income families.
Key Facts
- The 90% confidence interval lower bound for child poverty in Maryland was 11.3% in 2021.
- This measure helps track progress in reducing child poverty in the state.
- Child poverty has long-term impacts on educational, health, and economic outcomes.
FAQs
Q: What does this economic trend measure?
A: This trend measures the lower bound of the 90% confidence interval for the estimated percentage of people under age 5 living in poverty in Maryland.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the scale and severity of child poverty in Maryland, which is important for informing social welfare policies and resource allocation.
Q: How is this data collected or calculated?
A: This data is collected through the U.S. Census Bureau's American Community Survey.
Q: How is this trend used in economic policy?
A: Policymakers and organizations use this trend to inform decisions about social welfare programs and resource allocation for low-income families.
Q: Are there update delays or limitations?
A: The data is subject to the update schedule and potential limitations of the American Community Survey.
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Citation
U.S. Census Bureau, 90% Confidence Interval Lower Bound of Estimate of Percent of People Under Age 5 in Poverty for Maryland (PPCILB0T4MD24000A156NCEN), retrieved from FRED.