90% Confidence Interval Upper Bound of Estimate of Related Children Age 5-17 in Families in Poverty for Maine
PECIUB5T17ME23000A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
24,583.00
Year-over-Year Change
-30.10%
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 the percentage of related children aged 5-17 living in families in poverty in the state of Maine.
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 provides a statistical range that is likely to contain the true value of the poverty rate for this demographic in Maine, indicating the degree of uncertainty around the point estimate.
Methodology
The data is collected through the U.S. Census Bureau's Current Population Survey.
Historical Context
This metric is used by policymakers and economists to track the economic well-being of families with school-age children in Maine.
Key Facts
- The upper bound represents the maximum likely value for the poverty rate.
- This metric provides insight into the economic challenges facing Maine families.
- The data is updated annually by the U.S. Census Bureau.
FAQs
Q: What does this economic trend measure?
A: This trend measures the upper bound of the 90% confidence interval for the estimate of the percentage of related children aged 5-17 living in families in poverty in the state of Maine.
Q: Why is this trend relevant for users or analysts?
A: This metric is relevant for policymakers and economists seeking to understand the economic well-being of families with school-age children in Maine.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Census Bureau's Current Population Survey.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers and economists to track the economic challenges facing families with school-age children in Maine.
Q: Are there update delays or limitations?
A: The data is updated annually by the U.S. Census Bureau.
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Citation
U.S. Federal Reserve, 90% Confidence Interval Upper Bound of Estimate of Related Children Age 5-17 in Families in Poverty for Maine (PECIUB5T17ME23000A647NCEN), retrieved from FRED.