90% Confidence Interval Upper Bound of Estimate of People Under Age 5 in Poverty for Colorado
PECIUB0T4CO08000A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
37,091.00
Year-over-Year Change
-50.75%
Date Range
1/1/1989 - 1/1/2023
Summary
This series measures the 90% upper confidence bound of the estimated number of people under age 5 living in poverty in Colorado. It provides insights into the economic well-being of young children 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 upper bound represents the highest plausible value for the poverty rate among Colorado's youngest residents, given the underlying data. This metric is used by policymakers and researchers to gauge the scale of child poverty and guide anti-poverty initiatives.
Methodology
The data is calculated by the U.S. Census Bureau based on survey responses.
Historical Context
This poverty trend informs policy discussions around social programs, educational investments, and economic development strategies.
Key Facts
- Colorado's child poverty rate is among the lowest in the U.S.
- The upper confidence bound indicates the maximum plausible poverty level.
- Poverty data helps guide state investments in early childhood programs.
FAQs
Q: What does this economic trend measure?
A: This series measures the 90% confidence interval upper bound for the number of children under age 5 living in poverty in Colorado.
Q: Why is this trend relevant for users or analysts?
A: The poverty rate among young children is a key indicator of economic well-being and helps guide policy decisions around social programs and early childhood investments.
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: Policymakers and researchers use this poverty metric to gauge the scale of child poverty and inform decisions around social services, education, and economic development.
Q: Are there update delays or limitations?
A: The data is subject to survey sampling error and may not fully capture all children in poverty.
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Citation
U.S. Federal Reserve, 90% Confidence Interval Upper Bound of Estimate of People Under Age 5 in Poverty for Colorado (PECIUB0T4CO08000A647NCEN), retrieved from FRED.