90% Confidence Interval Lower Bound of Estimate of Percent of People Age 0-17 in Poverty for Virginia
PPCILBU18VA51000A156NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
12.10
Year-over-Year Change
-19.33%
Date Range
1/1/1989 - 1/1/2023
Summary
The 90% Confidence Interval Lower Bound of Estimate of Percent of People Age 0-17 in Poverty for Virginia measures the lower end of the statistical range for the estimated percentage of Virginians under 18 living below the poverty line.
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
This economic indicator provides insight into the level of child poverty in Virginia, which is an important factor for policymakers and social service providers to understand when developing programs and allocating resources.
Methodology
The data is collected through the U.S. Census Bureau's annual American Community Survey.
Historical Context
This metric is used to gauge the economic well-being of Virginia's youth population and inform policy decisions.
Key Facts
- Virginia's 90% confidence interval lower bound for child poverty was 12.4% in 2021.
- The rate of child poverty in Virginia is lower than the national average.
- Reducing child poverty is a key policy goal for many state and local governments.
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 under age 18 living below the poverty line in Virginia.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the level of economic hardship facing Virginia's youth population, which is crucial information for policymakers, social service providers, and others focused on improving child well-being.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Census Bureau's annual American Community Survey.
Q: How is this trend used in economic policy?
A: This indicator helps inform policy decisions and resource allocation aimed at reducing child poverty and supporting economic mobility in Virginia.
Q: Are there update delays or limitations?
A: There may be a 1-2 year lag in data availability due to the time required for the Census Bureau to collect and process the survey information.
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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 Virginia (PPCILBU18VA51000A156NCEN), retrieved from FRED.