90% Confidence Interval Lower Bound of Estimate of Percent of People Age 0-17 in Poverty for Massachusetts
PPCILBU18MA25000A156NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
12.00
Year-over-Year Change
-18.37%
Date Range
1/1/1989 - 1/1/2023
Summary
This economic indicator represents the lower bound of the 90% confidence interval for the estimated percentage of people aged 0-17 living in poverty in Massachusetts. It provides insight into the level of child poverty 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 Massachusetts is a statistical measure used to assess the degree of poverty among children in the state. It helps policymakers and analysts understand the scale of economic hardship faced by low-income families.
Methodology
This data is collected and calculated by the U.S. Census Bureau using survey data and statistical modeling.
Historical Context
The trend is used by government agencies, research institutions, and advocacy groups to inform policies and programs aimed at reducing child poverty.
Key Facts
- The lower bound was 10.5% in 2021.
- This indicates at least 10.5% of Massachusetts children live in poverty.
- Child poverty rates are a key metric for assessing economic well-being.
FAQs
Q: What does this economic trend measure?
A: This indicator represents the lower bound of the 90% confidence interval for the estimated percentage of people aged 0-17 living in poverty in Massachusetts.
Q: Why is this trend relevant for users or analysts?
A: The trend provides insight into the scale of child poverty in Massachusetts, which is crucial for informing policies and programs aimed at reducing economic hardship for low-income families.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Census Bureau using survey data and statistical modeling.
Q: How is this trend used in economic policy?
A: Government agencies, research institutions, and advocacy groups use this trend to understand the level of child poverty and inform policies and programs aimed at reducing economic hardship.
Q: Are there update delays or limitations?
A: The data is updated annually, and there may be some time lag in the availability of the latest figures.
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Citation
U.S. Census Bureau, 90% Confidence Interval Lower Bound of Estimate of Percent of People Age 0-17 in Poverty for Massachusetts (PPCILBU18MA25000A156NCEN), retrieved from FRED.