90% Confidence Interval Lower Bound of Estimate of People of All Ages in Poverty for Hawaii
PECILBAAHI15000A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
136,530.00
Year-over-Year Change
-11.70%
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 Hawaii for people of all ages. It provides a more conservative estimate of poverty levels compared to the central estimate.
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 lower bound of the 90% confidence interval for the Hawaii poverty rate is a statistical measure that helps quantify the uncertainty around the central poverty estimate. It offers a more risk-averse perspective on the extent of poverty in the state.
Methodology
The data is collected through the U.S. Census Bureau's American Community Survey.
Historical Context
This metric is used by policymakers and economists to understand the scale of economic hardship and guide policies aimed at reducing poverty.
Key Facts
- The lower bound is typically lower than the central poverty estimate.
- Hawaii has a lower poverty rate compared to the national average.
- Poverty metrics help guide policies like income support and job creation.
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 Hawaii for people of all ages.
Q: Why is this trend relevant for users or analysts?
A: The lower bound provides a more conservative estimate of poverty levels, which is useful for understanding the scale of economic hardship and guiding anti-poverty policies.
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: Policymakers and economists use this metric to understand the extent of poverty and inform policies aimed at reducing economic hardship.
Q: Are there update delays or limitations?
A: The data is subject to the update schedule and methodological limitations of the American Community Survey.
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Citation
U.S. Federal Reserve, 90% Confidence Interval Lower Bound of Estimate of People of All Ages in Poverty for Hawaii (PECILBAAHI15000A647NCEN), retrieved from FRED.