90% Confidence Interval Lower Bound of Estimate of Percent of People of All Ages in Poverty for Hawaii
PPCILBAAHI15000A156NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9.70
Year-over-Year Change
-16.38%
Date Range
1/1/1989 - 1/1/2023
Summary
This economic trend represents the lower bound of the 90% confidence interval for the percent of people in Hawaii living in poverty. It provides a reliable estimate of poverty levels and helps inform economic and social 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 Hawaii is a key statistic used by economists and policymakers to gauge the economic well-being of Hawaii's population. It offers a robust, statistically-sound assessment of the minimum poverty rate in the state.
Methodology
This data is collected through the U.S. Census Bureau's annual nationwide survey.
Historical Context
Tracking this poverty trend is crucial for developing effective social safety net and economic development programs in Hawaii.
Key Facts
- Hawaii's current 90% confidence interval lower bound for poverty is 9.3%.
- Poverty rates in Hawaii are lower than the national average.
- This data is released annually as part of the U.S. Census Bureau's poverty statistics.
FAQs
Q: What does this economic trend measure?
A: This trend represents the lower bound of the 90% confidence interval for the percent of people in Hawaii living in poverty.
Q: Why is this trend relevant for users or analysts?
A: Tracking poverty levels is crucial for informing economic and social policy decisions that impact the well-being of Hawaii's population.
Q: How is this data collected or calculated?
A: This data is collected through the U.S. Census Bureau's annual nationwide survey.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this poverty data to develop effective social safety net and economic development programs in Hawaii.
Q: Are there update delays or limitations?
A: This data is released annually as part of the U.S. Census Bureau's poverty statistics.
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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 Hawaii (PPCILBAAHI15000A156NCEN), retrieved from FRED.