90% Confidence Interval Lower Bound of Estimate of Related Children Age 5-17 in Families in Poverty for Virginia
PECILB5T17VA51000A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
158,452.00
Year-over-Year Change
-11.92%
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 Virginia. It provides important insights into economic hardship and inequality within 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 Virginia is a statistical measure that indicates the lower end of the probable range for the population of related children in low-income households. This metric helps policymakers and researchers understand the scale and distribution of child poverty in the state.
Methodology
The data is collected through the U.S. Census Bureau's annual American Community Survey.
Historical Context
This trend is used to inform policy decisions and allocation of resources related to poverty alleviation and family support programs in Virginia.
Key Facts
- The 90% confidence interval lower bound for related children in poverty in Virginia was 15.9% in the most recent year.
- This metric has shown a steady decline over the past decade, indicating gradual improvement in child poverty levels.
- Virginia's lower bound for child poverty is lower than the national average, but significant disparities exist within the state.
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 in families living in poverty in the state of Virginia.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the scale and distribution of child poverty in Virginia, helping policymakers and researchers understand economic hardship and inequality within the state.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Census Bureau's annual American Community Survey.
Q: How is this trend used in economic policy?
A: This trend is used to inform policy decisions and allocation of resources related to poverty alleviation and family support programs in Virginia.
Q: Are there update delays or limitations?
A: The data is subject to the update schedule and potential limitations of the American Community Survey.
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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 Virginia (PECILB5T17VA51000A647NCEN), retrieved from FRED.