90% Confidence Interval Upper Bound of Estimate of Percent of People Age 0-17 in Poverty for Illinois
PPCIUBU18IL17000A156NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
15.30
Year-over-Year Change
-29.82%
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 aged 0-17 living in poverty in Illinois. It provides valuable insights into the economic well-being of children and families 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 of Estimate of Percent of People Age 0-17 in Poverty for Illinois is a statistical metric used to assess the economic hardship faced by minors in the state. It represents the upper limit of the range within which the true poverty rate for this demographic is likely to fall, with 90% confidence.
Methodology
The data is collected and calculated by the U.S. Census Bureau through surveys and statistical modeling.
Historical Context
This trend is used by policymakers, researchers, and advocacy groups to understand the scale of child poverty in Illinois and inform policy decisions.
Key Facts
- The upper bound of the 90% confidence interval was 18.9% in 2017.
- Illinois had the 18th highest child poverty rate in the U.S. that year.
- Reducing child poverty is a key policy priority for the state government.
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 aged 0-17 living in poverty in Illinois.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into the scale of child poverty in Illinois, which is a key concern for policymakers, researchers, and advocacy groups working to improve the economic well-being of families and children in the state.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Census Bureau through surveys and statistical modeling.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, researchers, and advocacy groups to understand the extent of child poverty in Illinois and inform policy decisions aimed at reducing economic hardship for families and children.
Q: Are there update delays or limitations?
A: The data is published annually, with a delay of approximately one year. As with any survey-based metric, the estimates may be subject to sampling and non-sampling errors.
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Citation
U.S. Census Bureau, 90% Confidence Interval Upper Bound of Estimate of Percent of People Age 0-17 in Poverty for Illinois (PPCIUBU18IL17000A156NCEN), retrieved from FRED.