90% Confidence Interval Lower Bound of Estimate of Related Children Age 5-17 in Families in Poverty for Missouri
PECILB5T17MO29000A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
125,404.00
Year-over-Year Change
-34.89%
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 in families living in poverty in Missouri. It provides insight into the extent of poverty among 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 of Estimate of Related Children Age 5-17 in Families in Poverty for Missouri represents the lower threshold of the 95% probability range for the percentage of children in low-income households. This metric is used by policymakers and researchers to assess child poverty levels and guide anti-poverty initiatives.
Methodology
The data is calculated by the U.S. Census Bureau using survey responses and statistical modeling.
Historical Context
This poverty indicator helps inform economic and social policies targeted at supporting vulnerable families and children in Missouri.
Key Facts
- The lower bound represents the minimum estimated percentage of children in poverty in Missouri.
- This metric provides a conservative estimate to ensure policies reach the most vulnerable families.
- Poverty among children is a key indicator of overall economic well-being in a state.
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 related children aged 5-17 living in poverty in the state of Missouri.
Q: Why is this trend relevant for users or analysts?
A: This poverty indicator helps inform economic and social policies targeted at supporting vulnerable families and children in Missouri.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Census Bureau using survey responses and statistical modeling.
Q: How is this trend used in economic policy?
A: This metric is used by policymakers and researchers to assess child poverty levels and guide anti-poverty initiatives in Missouri.
Q: Are there update delays or limitations?
A: As with any survey-based estimate, there may be lags in data availability and potential sampling errors.
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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 Missouri (PECILB5T17MO29000A647NCEN), retrieved from FRED.