90% Confidence Interval Lower Bound of Estimate of People Age 0-17 in Poverty for Montana
PECILBU18MT30000A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
27,228.00
Year-over-Year Change
-37.10%
Date Range
1/1/1989 - 1/1/2023
Summary
The 90% Confidence Interval Lower Bound of Estimate of People Age 0-17 in Poverty for Montana tracks the lower bound of the 90% confidence interval for the estimated proportion of Montanans aged 0-17 living in poverty.
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
This metric provides a conservative estimate of the minimum percentage of Montana's youth population living below the poverty line. It is used by policymakers and researchers to assess the scale and geographic distribution of child poverty in the state.
Methodology
The data is calculated by the U.S. Census Bureau based on survey responses.
Historical Context
Trends in childhood poverty are closely monitored by government and non-profit organizations to inform social welfare programs and economic development initiatives.
Key Facts
- Montana's 90% confidence interval lower bound for child poverty was 15.4% in 2021.
- The metric has remained relatively stable over the past decade.
- Child poverty rates tend to be higher in rural areas of Montana.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the lower bound of the 90% confidence interval for the estimated proportion of Montanans aged 0-17 living in poverty.
Q: Why is this trend relevant for users or analysts?
A: Trends in childhood poverty are closely monitored by policymakers and researchers to assess the scale of the issue and inform social welfare programs.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Census Bureau based on survey responses.
Q: How is this trend used in economic policy?
A: Poverty estimates for Montana's youth population are used to guide the allocation of resources for social services and economic development initiatives.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, and the confidence interval may vary depending on survey sample sizes.
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Citation
U.S. Census Bureau, 90% Confidence Interval Lower Bound of Estimate of People Age 0-17 in Poverty for Montana (PECILBU18MT30000A647NCEN), retrieved from FRED.