90% Confidence Interval Lower Bound of Estimate of Percent of People Age 0-17 in Poverty for Connecticut
PPCILBU18CT09000A156NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
12.10
Year-over-Year Change
-12.32%
Date Range
1/1/1989 - 1/1/2023
Summary
This trend measures the lower bound of the 90% confidence interval for the percentage of people aged 0-17 in poverty in Connecticut. It provides important insights into the economic well-being of children in 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 Age 0-17 in Poverty for Connecticut is a statistical measure used to assess the economic status of children in the state. It represents the lower limit of the range within which the true poverty rate for this demographic is likely to fall, with 90% confidence.
Methodology
The data is collected through the U.S. Census Bureau's annual surveys and calculated using statistical modeling techniques.
Historical Context
This trend is widely used by policymakers, researchers, and organizations to understand the extent of child poverty in Connecticut and inform social programs and interventions.
Key Facts
- The lower bound represents the minimum likely poverty rate for Connecticut children.
- This trend is used to monitor the economic well-being of families and guide social policy.
- Poverty has significant long-term impacts on child development and future outcomes.
FAQs
Q: What does this economic trend measure?
A: This trend measures the lower bound of the 90% confidence interval for the percentage of people aged 0-17 in poverty in Connecticut. It provides a statistical estimate of the minimum likely child poverty rate in the state.
Q: Why is this trend relevant for users or analysts?
A: This trend is highly relevant for policymakers, researchers, and organizations focused on understanding and addressing child poverty in Connecticut. It provides a key data point for monitoring economic well-being and informing social programs and interventions.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Census Bureau's annual surveys and calculated using statistical modeling techniques to determine the 90% confidence interval for the child poverty rate in Connecticut.
Q: How is this trend used in economic policy?
A: This trend is widely used by policymakers, economists, and social service providers to assess the extent of child poverty in Connecticut and inform the development and implementation of programs and policies aimed at reducing poverty and improving outcomes for children and families.
Q: Are there update delays or limitations?
A: There may be some delays in the availability of the most recent data, as it is dependent on the Census Bureau's survey and publication schedule. Additionally, the confidence interval represents a statistical estimate and may not fully capture all nuances of child poverty in the state.
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Citation
U.S. Federal Reserve, 90% Confidence Interval Lower Bound of Estimate of Percent of People Age 0-17 in Poverty for Connecticut (PPCILBU18CT09000A156NCEN), retrieved from FRED.