90% Confidence Interval Lower Bound of Estimate of Related Children Age 5-17 in Families in Poverty for Utah
PECILB5T17UT49000A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
54,809.00
Year-over-Year Change
-34.66%
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 poverty in Utah. Understanding poverty rates among children is crucial for policymakers and social welfare programs.
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 Utah provides a reliable and statistically significant estimate of the minimum number of children in this demographic living below the poverty line. This data helps inform decisions around public assistance, education, and economic development policies.
Methodology
The U.S. Census Bureau collects this data through the American Community Survey.
Historical Context
Policymakers and social service organizations use this metric to target resources and design programs that support children in low-income households.
Key Facts
- The 90% confidence interval lower bound indicates the minimum number of children in poverty.
- This metric is used to assess the scale of child poverty in Utah.
- The data helps guide policymakers and social service providers.
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 poverty in Utah.
Q: Why is this trend relevant for users or analysts?
A: Understanding the scale of child poverty is crucial for policymakers and social service organizations to design effective programs and target resources.
Q: How is this data collected or calculated?
A: The U.S. Census Bureau collects this data through the American Community Survey.
Q: How is this trend used in economic policy?
A: Policymakers and social service organizations use this metric to guide decisions around public assistance, education, and economic development policies that support children in low-income households.
Q: Are there update delays or limitations?
A: The data is subject to the update schedule and sampling methodology of the American Community Survey.
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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 Utah (PECILB5T17UT49000A647NCEN), retrieved from FRED.