90% Confidence Interval Lower Bound of Estimate of Related Children Age 5-17 in Families in Poverty for Minnesota
PECILB5T17MN27000A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
86,450.00
Year-over-Year Change
-26.21%
Date Range
1/1/1989 - 1/1/2023
Summary
The 90% Confidence Interval Lower Bound of Estimate of Related Children Age 5-17 in Families in Poverty for Minnesota measures the lower bound of the 90% confidence interval for the estimated poverty rate among children aged 5-17 in Minnesota families.
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
This economic indicator provides insight into the minimum estimated poverty rate for a specific child population in Minnesota. It is a useful metric for policymakers and researchers analyzing trends in childhood poverty and economic well-being within the state.
Methodology
The data is collected through the U.S. Census Bureau's American Community Survey.
Historical Context
This metric informs decisions around social programs and interventions targeting low-income families and children in Minnesota.
Key Facts
- The lower bound estimate represents the minimum poverty rate for children in Minnesota families.
- The 90% confidence interval provides a range for the true poverty rate value.
- Policymakers use this metric to assess the economic well-being of Minnesota's youth population.
FAQs
Q: What does this economic trend measure?
A: This trend measures the lower bound of the 90% confidence interval for the estimated poverty rate among children aged 5-17 in Minnesota families.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the minimum level of childhood poverty in Minnesota, informing decisions around social programs and interventions targeting low-income families and children.
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 metric is used by policymakers and researchers to analyze trends in childhood poverty and economic well-being within the state of Minnesota.
Q: Are there update delays or limitations?
A: The data may be subject to delays in publication by the Census Bureau and may have limitations in sample size or margin of error.
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Citation
U.S. Federal Reserve, 90% Confidence Interval Lower Bound of Estimate of Related Children Age 5-17 in Families in Poverty for Minnesota (PECILB5T17MN27000A647NCEN), retrieved from FRED.