90% Confidence Interval Upper Bound of Estimate of Percent of Related Children Age 5-17 in Families in Poverty for Colorado
PPCIUB5T17CO08000A156NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
11.40
Year-over-Year Change
-32.14%
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 related children aged 5-17 living in poverty in Colorado. It provides insight into the economic well-being and social inequality within 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 Related Children Age 5-17 in Families in Poverty for Colorado represents the upper limit of the statistical range in which the true poverty rate for this demographic is expected to fall 90% of the time. This metric is used by policymakers and analysts to understand the scale and uncertainty around child poverty in the state.
Methodology
The data is collected through the U.S. Census Bureau's American Community Survey.
Historical Context
This poverty indicator helps inform policy decisions and resource allocation aimed at reducing economic hardship for families and children in Colorado.
Key Facts
- The upper bound was 17.5% in 2021.
- Colorado's child poverty rate is below the national average.
- Poverty disproportionately affects certain demographic groups in the state.
FAQs
Q: What does this economic trend measure?
A: This metric measures the upper bound of the 90% confidence interval for the estimated percentage of related children aged 5-17 living in poverty in Colorado.
Q: Why is this trend relevant for users or analysts?
A: This poverty indicator provides insight into the scale and uncertainty around child poverty in Colorado, helping to inform policy decisions and resource allocation aimed at reducing economic hardship for families and children.
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 poverty metric helps policymakers and analysts understand the extent of economic hardship for families and children in Colorado, informing decisions and programs to address social inequality and reduce child poverty.
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 Upper Bound of Estimate of Percent of Related Children Age 5-17 in Families in Poverty for Colorado (PPCIUB5T17CO08000A156NCEN), retrieved from FRED.