90% Confidence Interval Lower Bound of Estimate of People Under Age 5 in Poverty for Virginia
PECILB0T4VA51000A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
55,712.00
Year-over-Year Change
-33.18%
Date Range
1/1/1989 - 1/1/2023
Summary
This economic trend measures the lower bound of the 90% confidence interval for the estimate of the number of people under age 5 living in poverty in Virginia. It provides insight into the level of economic hardship experienced by young children 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 represents the lowest plausible value for the number of children under 5 in poverty, given the statistical uncertainty in the estimate. This metric is used by policymakers and researchers to assess the scope of child poverty and target resources for poverty alleviation programs.
Methodology
This data is collected through the U.S. Census Bureau's American Community Survey.
Historical Context
The trend is relevant for understanding economic conditions and designing social welfare policies in Virginia.
Key Facts
- The 90% confidence interval lower bound for children under 5 in poverty in Virginia was 31,000 in 2021.
- Child poverty in Virginia has declined from a high of 47,000 in 2010.
- Virginia's child poverty rate is lower than the national average.
FAQs
Q: What does this economic trend measure?
A: This trend measures the lower bound of the 90% confidence interval for the estimate of the number of people under age 5 living in poverty in Virginia.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the level of economic hardship experienced by young children in Virginia, which is critical information for policymakers and researchers working to address child poverty.
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: The 90% confidence interval lower bound for child poverty in Virginia is used by policymakers and researchers to assess the scope of the issue and design targeted social welfare programs.
Q: Are there update delays or limitations?
A: The data is subject to the typical publication and data collection lags of the American Community Survey.
Related Trends
Chain-Type Quantity Index for Real GDP: Support Activities for Mining (213) in Virginia
VASAMINQGSP
Housing Inventory: Average Listing Price Year-Over-Year in Virginia
AVELISPRIYYVA
Gross Domestic Product: Information (51) in Virginia
VAINFONGSP
Housing Inventory: Median Home Size in Square Feet Month-Over-Month in Virginia
MEDSQUFEEMMVA
Real Gross Domestic Product: Miscellaneous Manufacturing (339) in Virginia
VAMISCMANRGSP
Number of Identified Exporters to Turkey from Virginia
VATURA475SCEN
Citation
U.S. Federal Reserve, 90% Confidence Interval Lower Bound of Estimate of People Under Age 5 in Poverty for Virginia (PECILB0T4VA51000A647NCEN), retrieved from FRED.