90% Confidence Interval Upper Bound of Estimate of Related Children Age 5-17 in Families in Poverty for Minnesota
PECIUB5T17MN27000A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
99,834.00
Year-over-Year Change
-22.99%
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 living in poverty families in Minnesota. It provides insights into the economic well-being of Minnesota's youth from low-income households.
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 Minnesota represents the highest likely value within a 90% probability range for the estimated number of Minnesota children from impoverished families. This metric is used by policymakers and researchers to assess the scale and severity of child poverty in the state.
Methodology
The data is collected through the U.S. Census Bureau's American Community Survey.
Historical Context
This economic indicator helps inform social welfare programs and policies targeting childhood poverty in Minnesota.
Key Facts
- The upper bound represents the highest likely value within a 90% probability range.
- This metric provides insights into the economic well-being of Minnesota's youth from low-income households.
- The data is collected through the U.S. Census Bureau's American Community Survey.
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 living in poverty families in Minnesota.
Q: Why is this trend relevant for users or analysts?
A: This metric is used by policymakers and researchers to assess the scale and severity of child poverty in the state, which helps inform social welfare programs and policies.
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: This economic indicator helps inform social welfare programs and policies targeting childhood poverty in Minnesota.
Q: Are there update delays or limitations?
A: The data is subject to the update schedule and potential limitations of the American Community Survey.
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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 Minnesota (PECIUB5T17MN27000A647NCEN), retrieved from FRED.