90% Confidence Interval Lower Bound of Estimate of Percent of People of All Ages in Poverty for Wisconsin
PPCILBAAWI55000A156NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10.40
Year-over-Year Change
-18.75%
Date Range
1/1/1989 - 1/1/2023
Summary
This economic trend represents the lower bound of the 90% confidence interval for the estimated poverty rate in Wisconsin across all age groups. Monitoring poverty levels is crucial for policymakers to assess the effectiveness of anti-poverty initiatives and target resources effectively.
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 Wisconsin provides a statistically rigorous estimate of the minimum poverty rate in the state. This metric is widely used by economists and government agencies to track progress in reducing poverty and informing policy decisions.
Methodology
The data is calculated from U.S. Census Bureau survey responses using statistical modeling techniques.
Historical Context
This poverty metric informs federal and state programs that allocate funding and resources to support low-income households in Wisconsin.
Key Facts
- The lower bound represents the minimum estimated poverty rate in Wisconsin.
- Poverty data informs anti-poverty programs and resource allocation.
- The metric is calculated from U.S. Census Bureau survey responses.
FAQs
Q: What does this economic trend measure?
A: This trend represents the lower bound of the 90% confidence interval for the estimated poverty rate in Wisconsin across all age groups.
Q: Why is this trend relevant for users or analysts?
A: Monitoring poverty levels is crucial for policymakers to assess the effectiveness of anti-poverty initiatives and target resources effectively.
Q: How is this data collected or calculated?
A: The data is calculated from U.S. Census Bureau survey responses using statistical modeling techniques.
Q: How is this trend used in economic policy?
A: This poverty metric informs federal and state programs that allocate funding and resources to support low-income households in Wisconsin.
Q: Are there update delays or limitations?
A: The data is subject to the survey and modeling timelines of the U.S. Census Bureau.
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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 Wisconsin (PPCILBAAWI55000A156NCEN), retrieved from FRED.