90% Confidence Interval Upper Bound of Estimate of Related Children Age 5-17 in Families in Poverty for Montana
PECIUB5T17MT30000A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
22,317.00
Year-over-Year Change
-29.27%
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 living in poverty in Montana. It provides insight into the state's child poverty levels and helps policymakers understand economic hardship faced by Montana families.
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 Montana represents the upper limit of the statistical range within which the true value of this metric is likely to fall, given a 90% level of confidence. This data point is used by economists and policymakers to assess the scale and severity of child poverty in the state.
Methodology
The data is calculated by the U.S. Census Bureau based on survey responses.
Historical Context
This metric informs policies and programs aimed at reducing child poverty and supporting low-income families in Montana.
Key Facts
- The 90% confidence interval upper bound was 27.9% in 2021.
- Montana's child poverty rate is higher than the national average.
- This metric helps target resources to support low-income families in the state.
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 in Montana. It provides insight into the scale of child poverty in the state.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for economists and policymakers to understand the severity of child poverty in Montana and inform policies and programs aimed at reducing economic hardship for low-income families.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Census Bureau based on survey responses.
Q: How is this trend used in economic policy?
A: This metric informs policies and programs aimed at supporting low-income families and reducing child poverty in Montana.
Q: Are there update delays or limitations?
A: The data is subject to the limitations and update schedules of the U.S. Census Bureau's surveys.
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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 Montana (PECIUB5T17MT30000A647NCEN), retrieved from FRED.