90% Confidence Interval Lower Bound of Estimate of Percent of People Age 0-17 in Poverty for Minnesota
PPCILBU18MN27000A156NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9.60
Year-over-Year Change
-34.69%
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 aged 0-17 living in poverty in Minnesota. It provides insight into the economic well-being of Minnesota's youth population.
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 Minnesota is an official statistic reported by the U.S. Census Bureau. It represents the lower end of the range within which the true poverty rate for Minnesota's under-18 population is estimated to fall, with 90% confidence.
Methodology
The data is collected through the U.S. Census Bureau's annual Current Population Survey.
Historical Context
This metric is used by policymakers, researchers, and analysts to assess the economic conditions and support needs of Minnesota's child and adolescent population.
Key Facts
- The lower bound was 10.3% in 2021.
- Minnesota's youth poverty rate is below the national average.
- This statistic is used to monitor progress towards reducing child poverty.
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 aged 0-17 living in poverty in Minnesota.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the economic well-being of Minnesota's youth population, which is useful for policymakers, researchers, and analysts assessing support needs and progress towards reducing child poverty.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Census Bureau's annual Current Population Survey.
Q: How is this trend used in economic policy?
A: This metric is used by policymakers, researchers, and analysts to assess the economic conditions and support needs of Minnesota's child and adolescent population.
Q: Are there update delays or limitations?
A: The data is released annually, with some delay from the reference year.
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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 Minnesota (PPCILBU18MN27000A156NCEN), retrieved from FRED.