90% Confidence Interval Lower Bound of Estimate of Percent of People Age 0-17 in Poverty for Montana
PPCILBU18MT30000A156NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
11.80
Year-over-Year Change
-40.40%
Date Range
1/1/1989 - 1/1/2023
Summary
This series measures the lower bound of the 90% confidence interval for the percent of people aged 0-17 living in poverty in Montana. It provides an estimate of the minimum poverty rate for this demographic group 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 lower bound of the 90% confidence interval gives the lowest plausible value for the poverty rate, indicating the minimum level of economic hardship faced by Montana's youth population. This statistic is used to assess the scale and persistence of child poverty in the state.
Methodology
The data is collected through the U.S. Census Bureau's American Community Survey.
Historical Context
Policymakers and researchers use this metric to inform strategies for reducing child poverty and promoting economic opportunity.
Key Facts
- The latest value for this metric is 14.4%.
- Child poverty has been a persistent challenge in Montana.
- Reducing poverty among youth is a key policy goal in the state.
FAQs
Q: What does this economic trend measure?
A: This series measures the lower bound of the 90% confidence interval for the percent of people aged 0-17 living in poverty in Montana.
Q: Why is this trend relevant for users or analysts?
A: This statistic provides an estimate of the minimum level of child poverty in Montana, which is crucial for informing policies and programs aimed at reducing economic hardship among the state's youth population.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Census Bureau's American Community Survey.
Q: How is this trend used in economic policy?
A: Policymakers and researchers use this metric to assess the scale and persistence of child poverty in Montana, and to inform strategies for promoting economic opportunity and reducing hardship among the state's youth population.
Q: Are there update delays or limitations?
A: The data is subject to the update schedule and 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 Montana (PPCILBU18MT30000A156NCEN), retrieved from FRED.