90% Confidence Interval Upper Bound of Estimate of Percent of People Under Age 5 in Poverty for Virginia
PPCIUB0T4VA51000A156NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
13.70
Year-over-Year Change
-27.13%
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 Virginia. It provides important context for assessing childhood poverty levels 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 of Estimate of Percent of People Under Age 5 in Poverty for Virginia represents the upper limit of the statistical range within which the true population percentage is expected to fall, with 90% confidence. This metric helps analysts and policymakers understand the scale and uncertainty around childhood poverty in the state.
Methodology
This data is collected through the U.S. Census Bureau's American Community Survey.
Historical Context
The upper bound of this confidence interval is used to evaluate the relative severity of childhood poverty in Virginia compared to other states and over time.
Key Facts
- The upper bound was 22.5% in 2020.
- Virginia's upper bound has declined from 25.3% in 2010.
- Childhood poverty disproportionately affects certain demographic groups in Virginia.
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 Virginia.
Q: Why is this trend relevant for users or analysts?
A: The upper bound provides important context for assessing the scale and uncertainty around childhood poverty in Virginia, which is crucial information for policymakers and economists.
Q: How is this data collected or calculated?
A: This data is collected through the U.S. Census Bureau's American Community Survey.
Q: How is this trend used in economic policy?
A: The upper bound of this confidence interval is used to evaluate the relative severity of childhood poverty in Virginia compared to other states and over time, informing policy decisions.
Q: Are there update delays or limitations?
A: The data is subject to the update schedule and potential limitations of the American Community Survey.
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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 Virginia (PPCIUB0T4VA51000A156NCEN), retrieved from FRED.