90% Confidence Interval Lower Bound of Estimate of Percent of People Age 0-17 in Poverty for Nebraska
PPCILBU18NE31000A156NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10.20
Year-over-Year Change
-38.92%
Date Range
1/1/1989 - 1/1/2023
Summary
This economic indicator measures the lower bound of the 90% confidence interval for the estimated percentage of people aged 0-17 living in poverty in Nebraska. It provides insights into the degree of uncertainty around poverty estimates and can inform policymaking.
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 Nebraska represents the lower end of the statistical range within which the true poverty rate for this demographic is expected to fall, with 90% confidence. This metric is useful for assessing the precision of poverty estimates and guiding interventions.
Methodology
The data is collected through the U.S. Census Bureau's American Community Survey.
Historical Context
This trend is valuable for policymakers, economists, and social service providers seeking to understand and address poverty among Nebraska's youth population.
Key Facts
- The lower bound of the 90% confidence interval for the estimated youth poverty rate in Nebraska was 12.9% in the most recent data.
- Poverty among children can have long-lasting impacts on health, education, and economic outcomes.
- Reliable poverty estimates are crucial for targeting social programs and evaluating their effectiveness.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the lower bound of the 90% confidence interval for the estimated percentage of people aged 0-17 living in poverty in Nebraska.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the degree of uncertainty around poverty estimates, which is valuable for policymakers and service providers seeking to understand and address youth poverty in Nebraska.
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: This trend is used by policymakers, economists, and social service providers to inform interventions and evaluate the effectiveness of poverty alleviation programs targeting Nebraska's youth population.
Q: Are there update delays or limitations?
A: There may be delays in data availability and potential limitations in the precision of poverty estimates, which should be considered when interpreting this trend.
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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 Nebraska (PPCILBU18NE31000A156NCEN), retrieved from FRED.