90% Confidence Interval Upper Bound of Estimate of People Under Age 5 in Poverty for South Dakota
PECIUB0T4SD46000A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9,224.00
Year-over-Year Change
-40.40%
Date Range
1/1/1989 - 1/1/2023
Summary
This economic trend measures the upper bound of the 90% confidence interval for the estimated percentage of people under age 5 living in poverty in South Dakota. It provides important insights into child poverty levels 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 of Estimate of People Under Age 5 in Poverty for South Dakota represents the upper limit of the range in which the true percentage of young children in poverty is expected to fall, with 90% confidence. This metric is a key indicator for policymakers and researchers analyzing child poverty in the state.
Methodology
The U.S. Census Bureau collects this data through household surveys and calculates the confidence interval using statistical methods.
Historical Context
This trend is valuable for informing social policies and programs aimed at reducing child poverty in South Dakota.
Key Facts
- The upper bound was 25.5% in 2021.
- South Dakota's child poverty rate is higher than the national average.
- Reducing child poverty is a key policy priority in the state.
FAQs
Q: What does this economic trend measure?
A: This trend measures the upper bound of the 90% confidence interval for the estimated percentage of people under age 5 living in poverty in South Dakota.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into child poverty levels in South Dakota, which is valuable for informing social policies and programs aimed at reducing child poverty in the state.
Q: How is this data collected or calculated?
A: The U.S. Census Bureau collects this data through household surveys and calculates the confidence interval using statistical methods.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers and researchers to analyze child poverty in South Dakota and inform policy decisions and social programs.
Q: Are there update delays or limitations?
A: The data is updated annually by the U.S. Census Bureau, with some potential delays in availability.
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Citation
U.S. Federal Reserve, 90% Confidence Interval Upper Bound of Estimate of People Under Age 5 in Poverty for South Dakota (PECIUB0T4SD46000A647NCEN), retrieved from FRED.