90% Confidence Interval Upper Bound of Estimate of Percent of Related Children Age 5-17 in Families in Poverty for Virginia
PPCIUB5T17VA51000A156NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
13.10
Year-over-Year Change
-12.67%
Date Range
1/1/1989 - 1/1/2023
Summary
This economic trend measures the 90% confidence interval upper bound for the estimated percentage of related children aged 5-17 living in poverty families in Virginia. It provides insight into the degree of uncertainty around poverty estimates for this demographic 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 represents the upper limit of the range within which the true population parameter has a 90% probability of falling, given the sample data. This helps analysts and policymakers understand the precision of Virginia's child poverty estimates and make more informed decisions.
Methodology
The data is collected through the U.S. Census Bureau's American Community Survey.
Historical Context
This trend is used to gauge the economic wellbeing of Virginia families and guide state-level policy on poverty alleviation programs.
Key Facts
- Virginia's child poverty upper bound was 15.3% in 2021.
- Poverty estimates have a 90% probability of falling below this upper bound.
- The data is collected annually through the American Community Survey.
FAQs
Q: What does this economic trend measure?
A: This trend measures the 90% confidence interval upper bound for the estimated percentage of related children aged 5-17 living in poverty families in the state of Virginia.
Q: Why is this trend relevant for users or analysts?
A: The confidence interval upper bound provides important context around the precision of Virginia's child poverty estimates, helping analysts and policymakers better understand the economic wellbeing of families in the state.
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 to gauge the economic conditions of Virginia families and guide state-level policy decisions on poverty alleviation programs.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, so there may be a delay in reflecting the most recent economic conditions.
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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 Virginia (PPCIUB5T17VA51000A156NCEN), retrieved from FRED.