90% Confidence Interval Upper Bound of Estimate of Percent of People of All Ages in Poverty for Wisconsin
PPCIUBAAWI55000A156NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10.80
Year-over-Year Change
-19.40%
Date Range
1/1/1989 - 1/1/2023
Summary
This economic indicator represents the upper bound of the 90% confidence interval for the estimated percentage of people of all ages living in poverty in Wisconsin. It provides important insights into the economic well-being and income distribution 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 Wisconsin is a statistical measure that helps quantify the degree of uncertainty around the state's poverty rate estimate. It serves as an upper-bound reference point for policymakers and analysts assessing poverty trends and the effectiveness of anti-poverty programs.
Methodology
The data is collected and calculated by the U.S. Census Bureau based on survey responses.
Historical Context
This poverty trend is widely used by economists, policymakers, and social service providers to understand economic conditions and target resources in Wisconsin.
Key Facts
- The upper bound represents the maximum likely poverty rate with 90% confidence.
- Poverty rates are a key indicator of economic hardship and well-being.
- Tracking this metric helps guide policy decisions and resource allocation.
FAQs
Q: What does this economic trend measure?
A: This indicator represents the upper bound of the 90% confidence interval for the estimated percentage of people living in poverty in Wisconsin. It provides a statistical range for the state's poverty rate.
Q: Why is this trend relevant for users or analysts?
A: The 90% confidence interval upper bound is an important reference point for understanding the degree of uncertainty around poverty estimates and monitoring economic conditions in Wisconsin.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Census Bureau based on survey responses.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and social service providers use this poverty metric to assess economic well-being, target resources, and evaluate the effectiveness of anti-poverty programs in Wisconsin.
Q: Are there update delays or limitations?
A: There may be lags in data availability, and the confidence interval reflects sampling uncertainty in the underlying poverty rate estimate.
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Citation
U.S. Census Bureau, 90% Confidence Interval Upper Bound of Estimate of Percent of People of All Ages in Poverty for Wisconsin (PPCIUBAAWI55000A156NCEN), retrieved from FRED.