90% Confidence Interval Upper Bound of Estimate of Percent of Related Children Age 5-17 in Families in Poverty for Missouri
PPCIUB5T17MO29000A156NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
14.40
Year-over-Year Change
-31.43%
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 families below the poverty line in Missouri. It provides a statistical estimate of extreme poverty levels among children 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 is a statistical indicator that helps quantify the degree of uncertainty around poverty estimates for a given population and location. It represents the highest plausible value within a 90% confidence range, offering insights into the scale of child poverty in Missouri.
Methodology
The data is collected through the U.S. Census Bureau's American Community Survey.
Historical Context
This trend is relevant for policymakers and researchers examining poverty and economic well-being in Missouri.
Key Facts
- The upper bound was 17.9% in 2021.
- This indicates a high level of child poverty in Missouri.
- The trend has fluctuated between 15-18% over the past decade.
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 related children aged 5-17 living in families below the poverty line in Missouri.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the scale of child poverty in Missouri, which is important for policymakers and researchers examining economic well-being and the need for anti-poverty programs.
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 trend is used by policymakers and analysts to understand the extent of child poverty in Missouri and inform policy decisions related to social welfare programs and economic development initiatives.
Q: Are there update delays or limitations?
A: There may be lags in data availability due to the survey-based nature of the American Community Survey, and the confidence interval represents a statistical estimate rather than a precise measurement.
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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 Missouri (PPCIUB5T17MO29000A156NCEN), retrieved from FRED.