90% Confidence Interval Upper Bound of Estimate of Percent of People of All Ages in Poverty for Virginia
PPCIUBAAVA51000A156NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10.40
Year-over-Year Change
-11.86%
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 people of all ages in poverty in Virginia. It provides important insights into the economic well-being and distribution of income 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 People of All Ages in Poverty for Virginia represents the upper limit of the range in which the true poverty rate in Virginia is likely to fall, with 90% confidence. This metric is used by policymakers and analysts to understand the extent of economic hardship in the state.
Methodology
The data is collected through the U.S. Census Bureau's American Community Survey.
Historical Context
This trend is relevant for informing economic and social policies aimed at reducing poverty and promoting economic security in Virginia.
Key Facts
- The upper bound of the 90% confidence interval for the poverty rate in Virginia was 12.2% in 2020.
- Poverty rates are higher in rural areas compared to urban areas of Virginia.
- The poverty rate in Virginia is lower than the national average.
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 of all ages living in poverty in Virginia.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the extent of economic hardship and the distribution of income within Virginia, which is crucial for informing social and economic policies.
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 level of poverty in Virginia and inform policies aimed at reducing economic hardship and promoting economic security.
Q: Are there update delays or limitations?
A: The data is subject to the update schedule and methodological 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 People of All Ages in Poverty for Virginia (PPCIUBAAVA51000A156NCEN), retrieved from FRED.