90% Confidence Interval Lower Bound of Estimate of People Age 0-17 in Poverty for Minnesota
PECILBU18MN27000A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
122,644.00
Year-over-Year Change
-33.57%
Date Range
1/1/1989 - 1/1/2023
Summary
This economic indicator measures the lower bound of the 90% confidence interval for the estimate of the percentage of people aged 0-17 living in poverty in the state of Minnesota. It provides insight into the economic well-being of children and families 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 Age 0-17 in Poverty for Minnesota represents the lower end of the statistical range for the estimated percentage of Minnesota's child population living below the poverty line. This data is used by policymakers and economists to assess the economic conditions facing families and children within the state.
Methodology
The data is collected and calculated by the U.S. Census Bureau as part of their annual poverty estimates.
Historical Context
This indicator is used to inform policy decisions and allocation of resources aimed at reducing childhood poverty in Minnesota.
Key Facts
- The lower bound estimate represents the minimum percentage of Minnesota children living in poverty.
- This data helps track progress in reducing childhood poverty in the state.
- Poverty among children is linked to negative outcomes in health, education, and future economic mobility.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the lower bound of the 90% confidence interval for the estimated percentage of people aged 0-17 living in poverty in the state of Minnesota.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the economic well-being of children and families in Minnesota, which is critical for informing social policies and resource allocation aimed at reducing childhood poverty.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Census Bureau as part of their annual poverty estimates.
Q: How is this trend used in economic policy?
A: This indicator is used by policymakers and economists to assess the economic conditions facing families and children in Minnesota, and to inform policy decisions and resource allocation aimed at reducing childhood poverty.
Q: Are there update delays or limitations?
A: The data is published annually, with a potential delay of several months from the end of the reference year.
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Citation
U.S. Census Bureau, 90% Confidence Interval Lower Bound of Estimate of People Age 0-17 in Poverty for Minnesota (PECILBU18MN27000A647NCEN), retrieved from FRED.