90% Confidence Interval Lower Bound of Estimate of Percent of Related Children Age 5-17 in Families in Poverty for Alabama
PPCILB5T17AL01000A156NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
19.20
Year-over-Year Change
-22.58%
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 related children aged 5-17 living in poverty in Alabama. It provides a statistically reliable indicator of childhood poverty levels 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 90% Confidence Interval Lower Bound of Estimate of Percent of Related Children Age 5-17 in Families in Poverty for Alabama represents a conservative estimate of the poverty rate among school-aged children in the state. It helps policymakers and researchers understand the scale and geographic distribution of childhood poverty, which is a key metric for evaluating economic and social well-being.
Methodology
This data is collected and calculated by the U.S. Census Bureau as part of the American Community Survey.
Historical Context
Trends in childhood poverty are closely monitored by government, academic, and nonprofit institutions to inform policies and programs aimed at reducing economic hardship among families.
Key Facts
- The 90% confidence interval provides a statistically reliable range for the true poverty rate.
- Poverty among school-aged children is a key indicator of overall economic hardship in Alabama.
- Reducing childhood poverty is a major policy goal for governments and social service organizations.
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 related children aged 5-17 living in poverty in Alabama.
Q: Why is this trend relevant for users or analysts?
A: Trends in childhood poverty are a crucial indicator of economic and social well-being, informing policies and programs aimed at reducing hardship among families.
Q: How is this data collected or calculated?
A: This data is collected and calculated by the U.S. Census Bureau as part of the American Community Survey.
Q: How is this trend used in economic policy?
A: Childhood poverty rates are closely monitored by government, academic, and nonprofit institutions to develop and evaluate policies and programs addressing economic hardship.
Q: Are there update delays or limitations?
A: As with any survey data, there may be delays in data availability and potential limitations in sample size or geographic coverage.
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Citation
U.S. Census Bureau, 90% Confidence Interval Lower Bound of Estimate of Percent of Related Children Age 5-17 in Families in Poverty for Alabama (PPCILB5T17AL01000A156NCEN), retrieved from FRED.