90% Confidence Interval Lower Bound of Estimate of Percent of People Under Age 5 in Poverty for Virginia
PPCILB0T4VA51000A156NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
11.70
Year-over-Year Change
-29.52%
Date Range
1/1/1989 - 1/1/2023
Summary
This economic trend measures the lower bound of the 90% confidence interval for the estimated percentage of people under age 5 living in poverty in Virginia. It provides important insights into the well-being of young children in the state.
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 lower bound of the 90% confidence interval for the percent of people under 5 in poverty in Virginia offers a conservative estimate of child poverty levels. This statistic is used by policymakers and researchers to understand the extent of economic hardship faced by Virginia's youngest residents.
Methodology
The data is calculated by the U.S. Census Bureau using survey responses and statistical modeling.
Historical Context
This poverty metric helps inform policy decisions related to social services, public assistance programs, and economic development initiatives in Virginia.
Key Facts
- The lower bound was 10.7% in 2020.
- This represents over 78,000 children under 5 living in poverty in Virginia.
- Virginia's child poverty rate is below the national average.
FAQs
Q: What does this economic trend measure?
A: This trend measures the lower bound of the 90% confidence interval for the estimated percentage of people under age 5 living in poverty in Virginia.
Q: Why is this trend relevant for users or analysts?
A: This metric provides a conservative estimate of child poverty levels in Virginia, which is crucial for informing policy decisions and understanding economic hardship faced by the state's youngest residents.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Census Bureau using survey responses and statistical modeling.
Q: How is this trend used in economic policy?
A: This poverty metric helps inform policy decisions related to social services, public assistance programs, and economic development initiatives in Virginia.
Q: Are there update delays or limitations?
A: The data is released annually by the Census Bureau, so there may be a delay of up to a year in the most recent information.
Related Trends
Gross Domestic Product: Apparel, Leather, and Allied Product Manufacturing (315-316) in Virginia
VAAPPLEATHMANNGSP
Real Gross Domestic Product: Farms (111-112) in Virginia
VAFARMRGSP
Value of Exports to Spain from Virginia
VAESPA052SCEN
Gross Domestic Product: Federal Civilian in Virginia
VAGOVFEDCIVNGSP
Chain-Type Quantity Index for Real GDP: State and Local in Virginia
VAGOVSLQGSP
Coefficient for Commercial Carbon Dioxide Emissions, Kerosene for Virginia
EMISSCO2CKSCCBVAA
Citation
U.S. Census Bureau, 90% Confidence Interval Lower Bound of Estimate of Percent of People Under Age 5 in Poverty for Virginia (PPCILB0T4VA51000A156NCEN), retrieved from FRED.