90% Confidence Interval Lower Bound of Estimate of Percent of Related Children Age 5-17 in Families in Poverty for Rhode Island
PPCILB5T17RI44000A156NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
12.50
Year-over-Year Change
-30.56%
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 Rhode Island. It provides insight into the state's child poverty levels and helps policymakers understand economic hardship in the region.
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 Rhode Island represents a statistical estimate of the minimum percentage of children in this age group living below the poverty line in the state. It is used by economists and policymakers to assess economic well-being and target poverty reduction initiatives.
Methodology
This data is collected through the U.S. Census Bureau's American Community Survey.
Historical Context
Trends in child poverty are closely monitored by government agencies and nonprofits to inform social programs and economic policy.
Key Facts
- The latest value for this trend is 11.1%.
- Rhode Island's child poverty rate is below the national average.
- Poverty disproportionately affects minority and low-income families in the state.
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 Rhode Island.
Q: Why is this trend relevant for users or analysts?
A: Trends in child poverty provide important insights into economic hardship and well-being in a state, helping policymakers and social service providers target resources effectively.
Q: How is this data collected or calculated?
A: This data is collected through the U.S. Census Bureau's American Community Survey.
Q: How is this trend used in economic policy?
A: Child poverty rates are closely monitored by government agencies and nonprofits to inform social programs and economic policies aimed at reducing poverty and improving outcomes for children and families.
Q: Are there update delays or limitations?
A: The American Community Survey data used to calculate this trend 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 Rhode Island (PPCILB5T17RI44000A156NCEN), retrieved from FRED.