90% Confidence Interval Upper Bound of Estimate of Percent of People of All Ages in Poverty for Pennsylvania
PPCIUBAAPA42000A156NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
12.10
Year-over-Year Change
-12.95%
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 Pennsylvanians living in poverty. It provides a statistical range for assessing 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 represents the highest plausible value for the poverty rate that is consistent with the underlying data, at a 90% level of statistical confidence. This metric helps analysts and policymakers understand the potential scale of poverty in Pennsylvania.
Methodology
The data is collected through the U.S. Census Bureau's annual surveys and calculated using statistical modeling techniques.
Historical Context
This poverty metric is used to inform social welfare policies and resource allocation decisions in Pennsylvania.
Key Facts
- Poverty affects over 1 in 8 Pennsylvanians.
- The upper bound indicates the highest plausible poverty rate.
- This metric helps target social programs in the state.
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 living in poverty in Pennsylvania.
Q: Why is this trend relevant for users or analysts?
A: The confidence interval upper bound provides a statistical range for assessing the potential scale of poverty in Pennsylvania, which informs social welfare policies and resource allocation decisions.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Census Bureau's annual surveys and calculated using statistical modeling techniques.
Q: How is this trend used in economic policy?
A: This poverty metric is used to inform social welfare policies and resource allocation decisions in Pennsylvania.
Q: Are there update delays or limitations?
A: The data is subject to the publication schedule and sampling limitations of the U.S. Census Bureau's surveys.
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Citation
U.S. Federal Reserve, 90% Confidence Interval Upper Bound of Estimate of Percent of People of All Ages in Poverty for Pennsylvania (PPCIUBAAPA42000A156NCEN), retrieved from FRED.