90% Confidence Interval Lower Bound of Estimate of People Under Age 5 in Poverty for Maine
This dataset tracks 90% confidence interval lower bound of estimate of people under age 5 in poverty for maine over time.
Latest Value
6655.00
Year-over-Year Change
-53.91%
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 people under age 5 living in poverty in Maine. It provides important insights into the scale and distribution 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 Lower Bound of Estimate of People Under Age 5 in Poverty for Maine is a key statistic used by economists and policymakers to track the prevalence of child poverty. It represents the lower end of the range in which the true population value is expected to fall with 90% confidence.
Methodology
This data is collected and calculated by the U.S. Census Bureau based on survey responses.
Historical Context
The trend is used to inform state-level poverty reduction strategies and allocate social services funding.
Key Facts
- Maine has one of the highest child poverty rates in the U.S.
- The lower bound indicates at least X% of Maine children under 5 live in poverty.
- Childhood poverty is linked to negative health, education, and economic outcomes.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the lower bound of the 90% confidence interval for the estimate of people under age 5 living in poverty in the state of Maine.
Q: Why is this trend relevant for users or analysts?
A: The 90% confidence interval provides a range for the true child poverty rate, which is crucial for guiding state-level poverty reduction policies and allocating social services funding.
Q: How is this data collected or calculated?
A: The U.S. Census Bureau collects this data through household surveys and calculates the 90% confidence interval using statistical methods.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this indicator to inform strategies for addressing childhood poverty and directing resources to Maine's most vulnerable communities.
Q: Are there update delays or limitations?
A: There may be lags in data availability, and the confidence interval reflects sampling error, so the true poverty rate may fall outside the reported range.
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Citation
U.S. Federal Reserve, 90% Confidence Interval Lower Bound of Estimate of People Under Age 5 in Poverty for Maine (PECILB0T4ME23000A647NCEN), retrieved from FRED.