90% Confidence Interval Upper Bound of Estimate of Percent of People Age 0-17 in Poverty for Pennsylvania
PPCIUBU18PA42000A156NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
16.10
Year-over-Year Change
-19.10%
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 Pennsylvania. Understanding poverty trends, especially for vulnerable populations, is crucial for policymakers and economists to assess economic conditions and target social programs effectively.
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 Pennsylvania represents the upper limit of the estimated range in which the true poverty rate for this demographic has a 90% likelihood of falling. This statistic provides a more complete picture of poverty levels compared to just the point estimate.
Methodology
The data is collected and calculated by the U.S. Census Bureau through the American Community Survey.
Historical Context
This poverty metric is widely used by economists, policymakers, and social service providers to evaluate the economic well-being of families and children in Pennsylvania.
Key Facts
- The upper bound was 19.1% in 2021.
- Child poverty disproportionately affects minority and low-income communities.
- Reducing childhood poverty is a key policy goal for many state and federal programs.
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 Pennsylvania.
Q: Why is this trend relevant for users or analysts?
A: Understanding poverty trends, especially for vulnerable populations like children, is crucial for policymakers and economists to assess economic conditions and target social programs effectively.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Census Bureau through the American Community Survey.
Q: How is this trend used in economic policy?
A: This poverty metric is widely used by economists, policymakers, and social service providers to evaluate the economic well-being of families and children in Pennsylvania.
Q: Are there update delays or limitations?
A: The data is published annually with a slight delay, and the confidence interval reflects the statistical uncertainty in the estimates.
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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 Pennsylvania (PPCIUBU18PA42000A156NCEN), retrieved from FRED.