90% Confidence Interval Lower Bound of Estimate of Percent of People Under Age 5 in Poverty for Rhode Island
PPCILB0T4RI44000A156NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
14.50
Year-over-Year Change
-40.33%
Date Range
1/1/1989 - 1/1/2023
Summary
This economic indicator provides the lower bound of a 90% confidence interval for the estimated percentage of people under age 5 living in poverty in Rhode Island. It serves as a key metric for assessing child poverty levels and informing social welfare policies.
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 Lower Bound of Estimate of Percent of People Under Age 5 in Poverty for Rhode Island is a statistical measure that helps quantify the uncertainty around estimates of child poverty. It represents the lower end of a range in which the true poverty rate is likely to fall, based on survey data.
Methodology
The data is calculated from the U.S. Census Bureau's American Community Survey.
Historical Context
This metric is used by policymakers, researchers, and anti-poverty organizations to track trends and target interventions for vulnerable populations.
Key Facts
- The 2021 lower bound estimate was 10.3%.
- Rhode Island's child poverty rate is above the national average.
- Reducing child poverty is a key policy goal for many state and federal programs.
FAQs
Q: What does this economic trend measure?
A: This indicator provides the lower bound of a 90% confidence interval for the estimated percentage of people under age 5 living in poverty in Rhode Island.
Q: Why is this trend relevant for users or analysts?
A: This metric helps quantify the uncertainty around child poverty estimates and informs policymakers, researchers, and anti-poverty organizations about trends and intervention needs.
Q: How is this data collected or calculated?
A: The data is calculated from the U.S. Census Bureau's American Community Survey.
Q: How is this trend used in economic policy?
A: This metric is used by policymakers, researchers, and anti-poverty organizations to track trends and target interventions for vulnerable child populations.
Q: Are there update delays or limitations?
A: The data is subject to the publication schedule and methodological limitations of the American Community Survey.
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Citation
U.S. Federal Reserve, 90% Confidence Interval Lower Bound of Estimate of Percent of People Under Age 5 in Poverty for Rhode Island (PPCILB0T4RI44000A156NCEN), retrieved from FRED.