90% Confidence Interval Upper Bound of Estimate of People Age 0-17 in Poverty for Mississippi
PECIUBU18MS28000A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
170,184.00
Year-over-Year Change
-30.85%
Date Range
1/1/1989 - 1/1/2023
Summary
This trend measures the upper bound of the 90% confidence interval for the estimate of the percentage of people aged 0-17 living in poverty in Mississippi. It provides insight into the degree of uncertainty around the state's child poverty rate.
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 upper bound of the 90% confidence interval represents the highest plausible value for the child poverty rate in Mississippi, given the statistical uncertainty in the underlying survey data. This metric is used by policymakers and researchers to gauge the scale of the state's child poverty challenge.
Methodology
The data is calculated from survey responses by the U.S. Census Bureau.
Historical Context
This indicator helps inform decisions around anti-poverty programs and resource allocation in Mississippi.
Key Facts
- The upper bound was 30.3% in 2021.
- Mississippi has the highest child poverty rate in the U.S.
- Child poverty has significant long-term impacts on health and education.
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 people aged 0-17 living in poverty in Mississippi.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the degree of uncertainty around Mississippi's child poverty rate, which is critical information for policymakers and researchers addressing the state's poverty challenges.
Q: How is this data collected or calculated?
A: The data is calculated from survey responses by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: This indicator helps inform decisions around anti-poverty programs and resource allocation in Mississippi.
Q: Are there update delays or limitations?
A: The data is subject to the typical time lags and statistical limitations of survey-based poverty estimates.
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Citation
U.S. Federal Reserve, 90% Confidence Interval Upper Bound of Estimate of People Age 0-17 in Poverty for Mississippi (PECIUBU18MS28000A647NCEN), retrieved from FRED.