90% Confidence Interval Lower Bound of Estimate of People of All Ages in Poverty for Virginia
PECILBAAVA51000A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
847,246.00
Year-over-Year Change
-5.25%
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 in Virginia. It provides insight into economic hardship and living standards across 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 Virginia represents the lower range of the statistically reliable estimate for the share of Virginians living below the poverty line. This metric is used by policymakers and analysts to gauge the extent of economic insecurity in the state.
Methodology
The data is collected through the U.S. Census Bureau's annual Current Population Survey.
Historical Context
This poverty trend is a key indicator for assessing the effectiveness of social programs and policies aimed at reducing hardship.
Key Facts
- The 90% confidence interval captures the statistical reliability of the poverty estimate.
- Poverty rates are a critical measure of economic well-being and access to opportunity.
- Tracking poverty trends helps guide policy decisions and resource allocation.
FAQs
Q: What does this economic trend measure?
A: This trend measures the lower bound of the 90% confidence interval for the poverty rate in Virginia, providing a statistically reliable estimate of the share of Virginians living below the poverty line.
Q: Why is this trend relevant for users or analysts?
A: This poverty metric is crucial for policymakers and analysts to gauge the extent of economic hardship and insecurity within the state, informing decisions about social programs and policies aimed at reducing poverty.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Census Bureau's annual Current Population Survey.
Q: How is this trend used in economic policy?
A: This poverty trend is a key indicator for assessing the effectiveness of social policies and programs designed to alleviate economic hardship and improve living standards across Virginia.
Q: Are there update delays or limitations?
A: The data is subject to the publication schedule and methodological constraints of the U.S. Census Bureau's Current Population 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 Virginia (PECILBAAVA51000A647NCEN), retrieved from FRED.