90% Confidence Interval Lower Bound of Estimate of Percent of People of All Ages in Poverty for Arizona
PPCILBAAAZ04000A156NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
12.30
Year-over-Year Change
-33.87%
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 of all ages living in poverty in Arizona. It provides insight into the state's poverty levels and helps guide policy decisions.
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 of All Ages in Poverty for Arizona is a statistical measure that indicates the lowest possible value within a 90% probability range for the state's poverty rate. This data point is used by economists and policymakers to understand the scale and trends of poverty in Arizona.
Methodology
The data is calculated based on survey responses and statistical modeling by the U.S. Census Bureau.
Historical Context
This poverty statistic informs economic and social policies aimed at reducing hardship and inequality in Arizona.
Key Facts
- Arizona's 90% confidence interval lower bound for poverty was 12.4% in 2021.
- Poverty rates tend to be higher in rural and tribal areas of Arizona.
- The state's poverty level has fluctuated over the past decade.
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 of all ages living in poverty in the state of Arizona.
Q: Why is this trend relevant for users or analysts?
A: This poverty statistic provides important context for understanding the scale and distribution of economic hardship in Arizona, which informs social and economic policymaking.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Census Bureau based on survey responses and statistical modeling.
Q: How is this trend used in economic policy?
A: This poverty measure helps guide state and local policies aimed at reducing hardship and inequality, such as social assistance programs and economic development initiatives.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, and may have sampling or modeling limitations typical of survey-based estimates.
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Citation
U.S. Federal Reserve, 90% Confidence Interval Lower Bound of Estimate of Percent of People of All Ages in Poverty for Arizona (PPCILBAAAZ04000A156NCEN), retrieved from FRED.