90% Confidence Interval Upper Bound of Estimate of Percent of Related Children Age 5-17 in Families in Poverty for Maine
PPCIUB5T17ME23000A156NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
13.40
Year-over-Year Change
-25.97%
Date Range
1/1/1989 - 1/1/2023
Summary
This economic trend measures the upper bound of a 90% confidence interval for the estimated percentage of related children aged 5-17 living in poverty in the state of Maine. It provides a statistical estimate of child poverty levels that is important for policymakers and economists analyzing economic conditions.
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 Maine represents a statistical range capturing the potential variation in the estimated child poverty rate for that state. It helps quantify the uncertainty around the point estimate and is a useful metric for evaluating economic well-being and social policy effectiveness.
Methodology
This data is collected and calculated by the U.S. Census Bureau through the American Community Survey.
Historical Context
Trends in child poverty levels are closely monitored by government agencies, researchers, and advocacy groups to inform policies and programs aimed at reducing economic hardship for families.
Key Facts
- The upper bound of the 90% confidence interval represents the maximum plausible value for the child poverty rate.
- Maine has historically had lower child poverty rates compared to the national average.
- Reducing child poverty is a key policy goal for both state and federal governments.
FAQs
Q: What does this economic trend measure?
A: This trend measures the upper bound of a 90% confidence interval for the estimated percentage of related children aged 5-17 living in poverty in the state of Maine.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for evaluating economic well-being and the effectiveness of social policies aimed at reducing child poverty in Maine.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Census Bureau through the American Community Survey.
Q: How is this trend used in economic policy?
A: Trends in child poverty levels are closely monitored by government agencies, researchers, and advocacy groups to inform policies and programs aimed at reducing economic hardship for families.
Q: Are there update delays or limitations?
A: The data is subject to the same update schedule and limitations as 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 Maine (PPCIUB5T17ME23000A156NCEN), retrieved from FRED.