90% Confidence Interval Lower Bound of Estimate of Percent of People of All Ages in Poverty for Minnesota
PPCILBAAMN27000A156NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9.00
Year-over-Year Change
-21.74%
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 Minnesota. It provides insight into the economic well-being and income distribution within 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 People of All Ages in Poverty for Minnesota is a statistical measure that helps analysts and policymakers understand the extent of poverty across the state. It offers a conservative estimate of the population living below the poverty line.
Methodology
The data is collected through the U.S. Census Bureau's American Community Survey.
Historical Context
This trend is used to inform state-level policies and programs aimed at reducing poverty and improving economic outcomes.
Key Facts
- The trend has been relatively stable over the past decade.
- Minnesota's poverty rate is lower than the national average.
- The data is updated annually by the U.S. Census Bureau.
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 Minnesota.
Q: Why is this trend relevant for users or analysts?
A: This trend provides a conservative estimate of the extent of poverty in Minnesota, which is important for informing state-level policies and programs aimed at reducing poverty and improving economic outcomes.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Census Bureau's American Community Survey.
Q: How is this trend used in economic policy?
A: This trend is used to inform state-level policies and programs aimed at reducing poverty and improving economic outcomes in Minnesota.
Q: Are there update delays or limitations?
A: The data is updated annually by the U.S. Census Bureau, with a potential delay of several months.
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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 Minnesota (PPCILBAAMN27000A156NCEN), retrieved from FRED.