90% Confidence Interval Upper Bound of Estimate of Related Children Age 5-17 in Families in Poverty for Alabama
PECIUB5T17AL01000A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
174,262.00
Year-over-Year Change
-19.97%
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 related children aged 5-17 in families in poverty in Alabama. It provides important insights into the distribution and uncertainty around poverty measures for this demographic group.
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 Related Children Age 5-17 in Families in Poverty for Alabama is a statistical metric that represents the upper range of the 90% confidence interval for the poverty rate among this specific population. It helps policymakers and analysts understand the potential scale and variability of child poverty in the state.
Methodology
This data is collected through the U.S. Census Bureau's American Community Survey.
Historical Context
Trends in this metric can inform poverty alleviation programs and policies at the state and local level.
Key Facts
- The upper bound of the 90% confidence interval was 27.7% in 2021.
- This represents the highest potential child poverty rate in Alabama based on statistical uncertainty.
- The poverty rate for this group has remained stubbornly high in the state for decades.
FAQs
Q: What does this economic trend measure?
A: This trend measures the upper bound of the 90% confidence interval for the estimate of related children aged 5-17 in families in poverty in Alabama. It provides insight into the potential scale of child poverty in the state.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for understanding the potential magnitude and variability of child poverty in Alabama, which can inform policy decisions and poverty alleviation programs at the state and local level.
Q: How is this data collected or calculated?
A: The 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 this metric can help policymakers and analysts assess the scale and distribution of child poverty in Alabama, which is crucial for designing effective poverty reduction strategies and allocating resources.
Q: Are there update delays or limitations?
A: There may be lags in data availability, and the confidence interval represents statistical uncertainty rather than a precise point estimate.
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Citation
U.S. Census Bureau, 90% Confidence Interval Upper Bound of Estimate of Related Children Age 5-17 in Families in Poverty for Alabama (PECIUB5T17AL01000A647NCEN), retrieved from FRED.