90% Confidence Interval Lower Bound of Estimate of People of All Ages in Poverty for Connecticut
PECILBAACT09000A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
346,716.00
Year-over-Year Change
-4.07%
Date Range
1/1/1989 - 1/1/2023
Summary
This economic trend measures the lower bound of the 90% confidence interval for the estimated poverty rate in Connecticut, providing insight into economic hardship and inequality.
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 People of All Ages in Poverty for Connecticut represents the lower limit of the statistically significant range for the state's poverty rate. This metric is used by economists and policymakers to understand the extent of economic vulnerability and need within the population.
Methodology
The data is collected through the U.S. Census Bureau's Current Population Survey.
Historical Context
This poverty trend informs policies and programs aimed at reducing economic insecurity and promoting social welfare.
Key Facts
- The lower bound represents the minimum statistically significant poverty rate.
- This metric is used to track economic hardship and guide policy interventions.
- Connecticut's poverty trends are closely monitored for regional economic analysis.
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 in Connecticut, providing insight into the minimum level of economic hardship in the state.
Q: Why is this trend relevant for users or analysts?
A: This poverty metric is relevant for economists, policymakers, and the public as it helps quantify the extent of economic vulnerability and inequality within the state, informing efforts to address social welfare and reduce poverty.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Census Bureau's Current Population Survey.
Q: How is this trend used in economic policy?
A: This poverty trend is used by economists and policymakers to assess the need for and effectiveness of social welfare programs, as well as to inform broader economic policies aimed at reducing economic insecurity and promoting shared prosperity.
Q: Are there update delays or limitations?
A: There may be lags in data availability, and the metric represents a statistical estimate with inherent limitations in precision and scope.
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Citation
U.S. Federal Reserve, 90% Confidence Interval Lower Bound of Estimate of People of All Ages in Poverty for Connecticut (PECILBAACT09000A647NCEN), retrieved from FRED.