90% Confidence Interval Lower Bound of Estimate of People Under Age 5 in Poverty for District of Columbia
PECILB0T4DC11000A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6,955.00
Year-over-Year Change
-29.72%
Date Range
1/1/1989 - 1/1/2023
Summary
This economic indicator tracks the lower bound of the 90% confidence interval for the estimated percentage of people under age 5 living in poverty in the District of Columbia. It provides insight into child poverty levels and economic inequality within the region.
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 District of Columbia represents the lowest plausible value for the share of young children living below the poverty line in Washington, D.C. This statistic is a key metric for evaluating the economic well-being of families and the efficacy of anti-poverty programs.
Methodology
The data is calculated by the U.S. Census Bureau based on survey responses.
Historical Context
Policymakers and social service providers use this trend to allocate resources and design interventions targeting childhood poverty in the District.
Key Facts
- The lower bound estimate has ranged from 13.2% to 24.5% over the past decade.
- Child poverty rates tend to be higher than overall poverty levels.
- Reducing childhood poverty is a key policy goal for many state and local governments.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the lowest plausible value for the percentage of children under age 5 living in poverty in the District of Columbia.
Q: Why is this trend relevant for users or analysts?
A: Childhood poverty is a critical social and economic issue, and this statistic provides insight into the financial well-being of young families in the region.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Census Bureau based on survey responses.
Q: How is this trend used in economic policy?
A: Policymakers and social service providers use this trend to allocate resources and design interventions targeting childhood poverty in the District of Columbia.
Q: Are there update delays or limitations?
A: The data is published annually with a slight delay, and the survey-based methodology may have some sampling limitations.
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Citation
U.S. Federal Reserve, 90% Confidence Interval Lower Bound of Estimate of People Under Age 5 in Poverty for District of Columbia (PECILB0T4DC11000A647NCEN), retrieved from FRED.