90% Confidence Interval Upper Bound of Estimate of Percent of People Under Age 5 in Poverty for Maine
PPCIUB0T4ME23000A156NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
14.40
Year-over-Year Change
-45.45%
Date Range
1/1/1989 - 1/1/2023
Summary
This economic trend measures the upper bound of the 90% confidence interval for the estimated percentage of people under age 5 living in poverty in Maine. It provides insight into the extent of child poverty 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 upper bound for the percent of people under 5 in poverty in Maine represents the highest plausible value for this statistic, given the data and statistical uncertainty. Economists and policymakers use this metric to assess the scale of child poverty and guide policies to alleviate it.
Methodology
The data is calculated by the U.S. Census Bureau using household survey information.
Historical Context
This metric informs discussions around social safety net programs and economic development initiatives in Maine.
Key Facts
- Maine has a relatively high child poverty rate compared to other U.S. states.
- The 90% confidence interval accounts for statistical uncertainty in the poverty estimate.
- Reducing child poverty is a key policy priority for Maine's state government.
FAQs
Q: What does this economic trend measure?
A: This trend measures the upper bound of the 90% confidence interval for the estimated percentage of people under age 5 living in poverty in Maine.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the scale of child poverty in Maine, informing discussions around social programs and economic development initiatives.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Census Bureau using household survey information.
Q: How is this trend used in economic policy?
A: This metric is used by economists and policymakers to assess the extent of child poverty and guide policies to alleviate it in Maine.
Q: Are there update delays or limitations?
A: The data is subject to the survey and statistical methods used by the Census Bureau, which may involve update delays or limitations.
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Citation
U.S. Census Bureau, 90% Confidence Interval Upper Bound of Estimate of Percent of People Under Age 5 in Poverty for Maine (PPCIUB0T4ME23000A156NCEN), retrieved from FRED.