90% Confidence Interval Lower Bound of Estimate of Percent of People Age 0-17 in Poverty for Missouri
PPCILBU18MO29000A156NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
14.00
Year-over-Year Change
-35.19%
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 Missouri. 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 Missouri represents the lowest plausible value for the child poverty rate in the state, based on statistical modeling and sampling. This metric is used by policymakers and researchers to assess the scope of economic hardship faced by Missouri's youth population.
Methodology
The data is collected through the U.S. Census Bureau's American Community Survey and calculated using statistical techniques.
Historical Context
This trend informs discussions around social programs, income inequality, and the efficacy of anti-poverty initiatives in Missouri.
Key Facts
- The lower bound estimate for child poverty in Missouri was 15.6% in the most recent year.
- This metric has shown a gradual decline over the past decade, suggesting some progress in reducing child hardship.
- Missouri's child poverty rate is slightly higher than the national average, underscoring the need for targeted assistance programs.
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 the state of Missouri.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the economic well-being of children in Missouri, informing discussions around social programs, income inequality, and the efficacy of anti-poverty initiatives in the state.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Census Bureau's American Community Survey and calculated using statistical techniques.
Q: How is this trend used in economic policy?
A: This trend informs discussions around social programs, income inequality, and the efficacy of anti-poverty initiatives in Missouri, helping policymakers and researchers assess the scope of economic hardship faced by the state's youth population.
Q: Are there update delays or limitations?
A: The data is subject to the update schedule and methodological limitations of the American Community Survey.
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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 Missouri (PPCILBU18MO29000A156NCEN), retrieved from FRED.