90% Confidence Interval Upper Bound of Estimate of People Under Age 5 in Poverty for Arkansas
PECIUB0T4AR05000A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
41,616.00
Year-over-Year Change
-37.15%
Date Range
1/1/1989 - 1/1/2023
Summary
This economic trend measures the upper bound of the 90% confidence interval for the estimate of the percentage of people under age 5 living in poverty in Arkansas. It provides insight into the level of economic hardship and vulnerability among the state's youngest residents.
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 upper bound for the poverty rate among children under 5 in Arkansas is a key metric used by policymakers and economists to assess the degree of economic insecurity facing low-income families in the state. It helps identify areas with the greatest need for social support programs and informs decisions around resource allocation.
Methodology
This data is collected through the U.S. Census Bureau's American Community Survey.
Historical Context
Trends in child poverty rates are closely monitored by government agencies and non-profit organizations to guide policy interventions and social service programs.
Key Facts
- The 90% confidence interval upper bound for child poverty in Arkansas was 28.9% in 2020.
- Arkansas has one of the highest child poverty rates in the United States.
- Poverty disproportionately affects young children, who are more vulnerable to its negative impacts.
FAQs
Q: What does this economic trend measure?
A: This trend measures the upper bound of the 90% confidence interval for the estimate of the percentage of people under age 5 living in poverty in Arkansas.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the level of economic hardship and vulnerability among the state's youngest residents, informing policymakers and social service providers on where to target resources and interventions.
Q: How is this data collected or calculated?
A: This data is collected through the U.S. Census Bureau's American Community Survey.
Q: How is this trend used in economic policy?
A: Trends in child poverty rates are closely monitored by government agencies and non-profit organizations to guide policy interventions and social service programs.
Q: Are there update delays or limitations?
A: The data is updated annually through the American Community Survey, with a delay of approximately one year in the release of the latest figures.
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Citation
U.S. Federal Reserve, 90% Confidence Interval Upper Bound of Estimate of People Under Age 5 in Poverty for Arkansas (PECIUB0T4AR05000A647NCEN), retrieved from FRED.