90% Confidence Interval Lower Bound of Estimate of Related Children Age 5-17 in Families in Poverty for Connecticut
PECILB5T17CT09000A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
61,217.00
Year-over-Year Change
-17.34%
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 related children aged 5-17 living in families in poverty in Connecticut. It provides important insights into poverty and economic hardship levels for families 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 of Estimate of Related Children Age 5-17 in Families in Poverty for Connecticut is a statistical measure that helps quantify the level of economic insecurity and financial strain experienced by families with school-aged children in the state. It offers a conservative estimate of the poverty rate within this demographic.
Methodology
This data is collected and calculated by the U.S. Census Bureau as part of their annual poverty estimates.
Historical Context
Policymakers and economists use this trend to assess the need for social programs and poverty alleviation initiatives in Connecticut.
Key Facts
- The 90% confidence interval provides a range for the true poverty rate.
- This metric focuses on families with school-aged children, a vulnerable demographic.
- Connecticut's poverty rate for this group has fluctuated in recent years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the lower bound of the 90% confidence interval for the estimate of related children aged 5-17 living in families in poverty in the state of Connecticut.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the level of economic hardship and financial strain experienced by families with school-aged children in Connecticut, helping to inform policy decisions and social programs.
Q: How is this data collected or calculated?
A: The data is collected and calculated annually by the U.S. Census Bureau as part of their poverty estimates.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess the need for social programs and poverty alleviation initiatives in Connecticut.
Q: Are there update delays or limitations?
A: The data is released annually, so there may be a delay in the most recent information being available.
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Citation
U.S. Census Bureau, 90% Confidence Interval Lower Bound of Estimate of Related Children Age 5-17 in Families in Poverty for Connecticut (PECILB5T17CT09000A647NCEN), retrieved from FRED.