90% Confidence Interval Lower Bound of Estimate of People Under Age 5 in Poverty for Arizona
PECILB0T4AZ04000A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
60,510.00
Year-over-Year Change
-51.81%
Date Range
1/1/1989 - 1/1/2023
Summary
This economic indicator measures the lower bound of the 90% confidence interval for the estimate of the percentage of people under age 5 living in poverty in the state of Arizona. It provides crucial insights into child poverty levels 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 Lower Bound of Estimate of People Under Age 5 in Poverty for Arizona is a statistical measure that helps quantify the uncertainty around the poverty rate estimate for young children in the state. It represents the lower end of the 90% confidence range, indicating the minimum plausible value for the true poverty rate.
Methodology
This data is collected through the U.S. Census Bureau's annual poverty estimates.
Historical Context
Tracking this indicator is important for policymakers and researchers to understand the scope of child poverty and develop targeted interventions.
Key Facts
- Arizona's 90% confidence interval lower bound for under-5 poverty was 18.4% in 2020.
- Child poverty disproportionately affects minority and low-income communities.
- Reducing child poverty is a key policy objective for many state and federal programs.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the lower bound of the 90% confidence interval for the estimated percentage of people under age 5 living in poverty in the state of Arizona.
Q: Why is this trend relevant for users or analysts?
A: Tracking the lower bound of the child poverty estimate is crucial for policymakers and researchers to understand the scope of the issue and develop effective interventions to address it.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Census Bureau's annual poverty estimates.
Q: How is this trend used in economic policy?
A: This indicator informs policymakers and researchers about the minimum plausible level of child poverty in Arizona, which is used to guide social welfare programs and other initiatives aimed at reducing poverty among young children.
Q: Are there update delays or limitations?
A: The data is subject to the timelines and methodological constraints of the U.S. Census Bureau's poverty estimates, which may result in occasional update delays or revisions.
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Citation
U.S. Federal Reserve, 90% Confidence Interval Lower Bound of Estimate of People Under Age 5 in Poverty for Arizona (PECILB0T4AZ04000A647NCEN), retrieved from FRED.