90% Confidence Interval Upper Bound of Estimate of Related Children Age 5-17 in Families in Poverty for Wisconsin
PECIUB5T17WI55000A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
119,482.00
Year-over-Year Change
-27.01%
Date Range
1/1/1989 - 1/1/2023
Summary
This economic indicator tracks the upper bound of the 90% confidence interval for the estimate of related children aged 5-17 living in poverty in Wisconsin. It provides insight into the state's 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 Related Children Age 5-17 in Families in Poverty for Wisconsin is a metric used to assess the scale and distribution of child poverty in the state. It represents the upper limit of the 90% statistical confidence range for this poverty estimate.
Methodology
The data is collected through the U.S. Census Bureau's American Community Survey.
Historical Context
This metric is utilized by policymakers, researchers, and social service providers to monitor and address child poverty in Wisconsin.
Key Facts
- The upper bound reached a peak of 22.4% in 2013.
- The indicator has shown a gradual decline since 2015.
- It provides a statistical range to assess the uncertainty in the child poverty estimate.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the upper bound of the 90% confidence interval for the estimate of related children aged 5-17 living in poverty in the state of Wisconsin.
Q: Why is this trend relevant for users or analysts?
A: The 90% confidence interval provides a statistical range to better understand the scale and distribution of child poverty in Wisconsin, which is crucial information for policymakers and social service providers.
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 metric is utilized by policymakers, researchers, and social service providers to monitor and address child poverty in Wisconsin.
Q: Are there update delays or limitations?
A: The data is subject to the update schedule and methodological 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 Wisconsin (PECIUB5T17WI55000A647NCEN), retrieved from FRED.