90% Confidence Interval Upper Bound of Estimate of People Age 0-17 in Poverty for South Dakota
PECIUBU18SD46000A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
32,069.00
Year-over-Year Change
-20.60%
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 share of people aged 0-17 in poverty in South Dakota. Understanding poverty levels among children is crucial for policymakers to assess the effectiveness of anti-poverty programs and allocate resources effectively.
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 for the estimate of people aged 0-17 in poverty in South Dakota provides a statistically significant upper limit on the true poverty rate for this population. This data point is used by economists and policymakers to gauge the scale of child poverty and inform decisions around social welfare initiatives.
Methodology
The data is calculated based on U.S. Census Bureau survey responses and statistical modeling.
Historical Context
This metric is closely watched by government agencies, nonprofits, and researchers studying the economic well-being of South Dakota's youth population.
Key Facts
- South Dakota's 90% confidence interval upper bound for child poverty was 20.3% in 2021.
- Child poverty has declined in South Dakota over the past decade.
- This metric helps target anti-poverty programs to areas of greatest need.
FAQs
Q: What does this economic trend measure?
A: This trend measures the upper bound of the 90% confidence interval for the estimated share of people aged 0-17 living in poverty in South Dakota.
Q: Why is this trend relevant for users or analysts?
A: Monitoring child poverty levels is crucial for policymakers to assess the effectiveness of social welfare programs and allocate resources to support 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 and statistical modeling.
Q: How is this trend used in economic policy?
A: Government agencies, nonprofits, and researchers closely track this metric to inform decisions around social welfare initiatives targeting South Dakota's youth population.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, and the confidence interval provides a statistical range rather than a precise point estimate.
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Citation
U.S. Federal Reserve, 90% Confidence Interval Upper Bound of Estimate of People Age 0-17 in Poverty for South Dakota (PECIUBU18SD46000A647NCEN), retrieved from FRED.