90% Confidence Interval Upper Bound of Estimate of Percent of People Age 0-17 in Poverty for Utah
PPCIUBU18UT49000A156NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9.90
Year-over-Year Change
-41.76%
Date Range
1/1/1989 - 1/1/2023
Summary
This economic indicator measures the upper bound of the 90% confidence interval for the estimated percentage of people aged 0-17 living in poverty in Utah. It provides insight into the scale and uncertainty of childhood poverty 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 Utah represents the upper limit of the statistical range within which the true poverty rate for Utah's youth population is expected to fall 90% of the time. This metric is used by policymakers and analysts to assess the prevalence and severity of child poverty in the state.
Methodology
The data is collected through the U.S. Census Bureau's American Community Survey.
Historical Context
This economic indicator helps inform discussions around state-level social welfare policies and programs aimed at reducing childhood poverty.
Key Facts
- The 90% confidence interval upper bound for Utah's childhood poverty rate was 16.2% in 2021.
- Utah's childhood poverty rate is lower than the national average.
- Childhood poverty disproportionately affects certain demographic groups in Utah.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the upper bound of the 90% confidence interval for the estimated percentage of people aged 0-17 living in poverty in Utah.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the scale and uncertainty of childhood poverty in Utah, helping to inform policy discussions and social welfare programs.
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 indicator helps policymakers and analysts assess the prevalence and severity of child poverty in Utah, informing discussions around state-level social welfare policies and programs.
Q: Are there update delays or limitations?
A: The data is subject to the update schedule and 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 Age 0-17 in Poverty for Utah (PPCIUBU18UT49000A156NCEN), retrieved from FRED.