90% Confidence Interval Upper Bound of Estimate of People Under Age 5 in Poverty for Utah
PECIUB0T4UT49000A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
24,103.00
Year-over-Year Change
-52.31%
Date Range
1/1/1989 - 1/1/2023
Summary
This economic indicator provides an upper bound estimate of the percentage of people under age 5 living in poverty in the state of Utah. It is an important measure for understanding child poverty levels and informing policymakers.
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 Utah represents the upper limit of the 90% confidence interval for the estimated poverty rate among children under 5 in the state. This helps quantify the uncertainty around poverty estimates and track trends over time.
Methodology
The data is calculated by the U.S. Census Bureau using survey sampling methods.
Historical Context
This poverty trend is used by government agencies, nonprofits, and economists to analyze the economic wellbeing of Utah's youngest residents.
Key Facts
- Utah has the 5th lowest child poverty rate in the U.S.
- The upper bound of the 90% confidence interval was 17.1% in 2021.
- Reducing child poverty is a key policy priority in Utah.
FAQs
Q: What does this economic trend measure?
A: This indicator provides an estimate of the upper bound of the 90% confidence interval for the percentage of children under age 5 living in poverty in the state of Utah.
Q: Why is this trend relevant for users or analysts?
A: Tracking child poverty levels is critical for understanding the economic wellbeing of a state's youngest residents and informing policies to support low-income families.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Census Bureau using survey sampling methods.
Q: How is this trend used in economic policy?
A: Government agencies, nonprofits, and economists use this poverty indicator to analyze the economic conditions facing Utah's children and inform policies to reduce child poverty.
Q: Are there update delays or limitations?
A: The data is published annually with a delay of approximately 1 year from the reference period.
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Citation
U.S. Census Bureau, 90% Confidence Interval Upper Bound of Estimate of People Under Age 5 in Poverty for Utah (PECIUB0T4UT49000A647NCEN), retrieved from FRED.