90% Confidence Interval Upper Bound of Estimate of People Under Age 5 in Poverty for Wisconsin
PECIUB0T4WI55000A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
44,461.00
Year-over-Year Change
-44.72%
Date Range
1/1/1989 - 1/1/2023
Summary
This economic indicator represents the upper bound of the 90% confidence interval for the estimated percentage of people under age 5 living in poverty in the state of Wisconsin. It provides important insights into child poverty levels and trends.
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 Wisconsin is a statistical measure that helps quantify the uncertainty around the estimated child poverty rate in the state. It sets an upper limit on the likely true poverty percentage with a high degree of confidence.
Methodology
The data is calculated by the U.S. Census Bureau using survey responses and statistical modeling.
Historical Context
This trend is closely monitored by policymakers, researchers, and anti-poverty organizations to gauge the economic well-being of Wisconsin's youngest residents.
Key Facts
- Wisconsin's 90% upper bound child poverty rate was 20.3% as of the latest data.
- This indicator has remained above 15% since the early 2000s.
- Reducing child poverty is a key policy goal for the state government.
FAQs
Q: What does this economic trend measure?
A: This indicator represents the upper bound of the 90% confidence interval for the estimated percentage of people under age 5 living in poverty in the state of Wisconsin.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the economic well-being of Wisconsin's youngest residents and helps quantify the uncertainty around child poverty estimates.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Census Bureau using survey responses and statistical modeling.
Q: How is this trend used in economic policy?
A: This indicator is closely monitored by policymakers, researchers, and anti-poverty organizations to gauge child poverty levels and inform policy decisions.
Q: Are there update delays or limitations?
A: The data is published annually with a delay of approximately one year.
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Citation
U.S. Federal Reserve, 90% Confidence Interval Upper Bound of Estimate of People Under Age 5 in Poverty for Wisconsin (PECIUB0T4WI55000A647NCEN), retrieved from FRED.