90% Confidence Interval Upper Bound of Estimate of Percent of People Age 0-17 in Poverty for Minnesota
PPCIUBU18MN27000A156NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10.80
Year-over-Year Change
-32.08%
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 Minnesota. It provides insights into childhood poverty levels and informs policymakers and social service providers.
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 Minnesota represents the upper limit of the statistical range in which the true poverty rate for Minnesota's youth population is likely to fall, with 90% confidence. This metric is used to assess the prevalence and severity of childhood poverty in the state.
Methodology
The data is collected and calculated by the U.S. Census Bureau through its annual poverty estimates.
Historical Context
This trend is relevant for policymakers, social service organizations, and economic analysts seeking to understand the scale and distribution of childhood poverty in Minnesota.
Key Facts
- The 90% confidence interval upper bound was 16.3% in 2021.
- Minnesota's childhood poverty rate is lower than the national average.
- Poverty disproportionately affects certain demographic groups 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 aged 0-17 living in poverty in Minnesota.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the scale and severity of childhood poverty in Minnesota, which is crucial information for policymakers, social service providers, and economic analysts.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Census Bureau through its annual poverty estimates.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers and social service organizations to understand the extent of childhood poverty in Minnesota and inform the development and targeting of poverty alleviation programs and policies.
Q: Are there update delays or limitations?
A: The data is updated annually, and there may be some delays in the release of the latest figures.
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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 Minnesota (PPCIUBU18MN27000A156NCEN), retrieved from FRED.