90% Confidence Interval Lower Bound of Estimate of People of All Ages in Poverty for Montana
PECILBAAMT30000A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
124,943.00
Year-over-Year Change
-12.54%
Date Range
1/1/1989 - 1/1/2023
Summary
This economic trend measures the lower bound of the 90% confidence interval for the poverty rate among people of all ages in Montana. It provides important insights into the economic well-being and social safety net 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 People of All Ages in Poverty for Montana represents the lower range of the estimated poverty rate for the entire population in the state. This metric is used by policymakers and researchers to evaluate the effectiveness of anti-poverty programs and identify areas of need.
Methodology
The data is collected through the U.S. Census Bureau's American Community Survey.
Historical Context
This trend is relevant for informing economic and social policy decisions in Montana.
Key Facts
- The lower bound of the 90% confidence interval for Montana's poverty rate was 12.5% in 2021.
- Poverty rates vary significantly between urban and rural areas of Montana.
- The state has implemented targeted initiatives to reduce poverty and improve economic security.
FAQs
Q: What does this economic trend measure?
A: This trend measures the lower bound of the 90% confidence interval for the poverty rate among people of all ages in Montana.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the economic well-being and social safety net in Montana, which is crucial for informing policy decisions.
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: This trend is used by policymakers and researchers to evaluate the effectiveness of anti-poverty programs and identify areas of need in Montana.
Q: Are there update delays or limitations?
A: The data is published annually with a delay of approximately one year.
Related Trends
Real Gross Domestic Product: Wood Product Manufacturing (321) in Montana
MTWPMANRGSP
Personal Consumption Expenditures: Goods for Montana
MTPCEG
All Employees: Wholesale Trade: Merchant Wholesalers, Nondurable Goods in Montana
SMU30000004142400001A
90% Confidence Interval Upper Bound of Estimate of Median Household Income for Montana
MHICIUBMT30000A052NCEN
Personal Consumption Expenditures: Services: Final Consumption Expenditures of Nonprofit Institutions Serving Households for Montana
MTPCEFCENPISH
Real Personal Income for Montana
MTRPI
Citation
U.S. Federal Reserve, 90% Confidence Interval Lower Bound of Estimate of People of All Ages in Poverty for Montana (PECILBAAMT30000A647NCEN), retrieved from FRED.