90% Confidence Interval Lower Bound of Estimate of Percent of Related Children Age 5-17 in Families in Poverty for Maryland
PPCILB5T17MD24000A156NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9.40
Year-over-Year Change
-21.01%
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 Maryland. It provides a statistically rigorous estimate of child 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 Maryland is a key indicator used by policymakers and researchers to assess the extent of child poverty in the state. It represents the lowest statistically plausible value for the child poverty rate.
Methodology
The data is collected through the U.S. Census Bureau's annual American Community Survey.
Historical Context
This metric helps inform policies and programs aimed at reducing child poverty in Maryland.
Key Facts
- The latest value is 14.9%.
- The highest recorded value was 16.6% in 2013.
- This measure has been tracked since 2005.
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 the state of Maryland.
Q: Why is this trend relevant for users or analysts?
A: This metric provides a rigorous statistical estimate of child poverty levels in Maryland, which is crucial for informing policies and programs aimed at reducing poverty.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Census Bureau's annual American Community Survey.
Q: How is this trend used in economic policy?
A: This metric helps policymakers and researchers assess the extent of child poverty in Maryland and inform policies and programs aimed at reducing it.
Q: Are there update delays or limitations?
A: The data is updated annually, with a delay of approximately one year.
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Citation
U.S. Federal Reserve, 90% Confidence Interval Lower Bound of Estimate of Percent of Related Children Age 5-17 in Families in Poverty for Maryland (PPCILB5T17MD24000A156NCEN), retrieved from FRED.