90% Confidence Interval Lower Bound of Estimate of People Under Age 5 in Poverty for Mississippi
PECILB0T4MS28000A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
39,541.00
Year-over-Year Change
-44.52%
Date Range
1/1/1989 - 1/1/2023
Summary
This economic trend measures the lower bound of the 90% confidence interval for the estimated percentage of people under age 5 living in poverty in Mississippi. It provides an important indicator of child 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 for the poverty rate of children under 5 in Mississippi represents the minimum estimate, with 90% confidence, of the true underlying child poverty level in the state. This metric helps quantify the economic hardship faced by young Mississippians.
Methodology
The data is calculated by the U.S. Census Bureau using survey sampling and statistical techniques.
Historical Context
This poverty indicator is used by policymakers, researchers, and anti-poverty organizations to understand economic conditions and allocate resources.
Key Facts
- Mississippi has the highest child poverty rate in the U.S.
- The lower bound of the 90% confidence interval is 26.8% as of the latest data.
- Poverty disproportionately impacts young children in the state.
FAQs
Q: What does this economic trend measure?
A: This trend measures the lower bound of the 90% confidence interval for the estimated percentage of people under age 5 living in poverty in Mississippi.
Q: Why is this trend relevant for users or analysts?
A: This metric provides an important indicator of the economic hardship faced by young children in Mississippi, which has the highest child poverty rate in the United States.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Census Bureau using survey sampling and statistical techniques.
Q: How is this trend used in economic policy?
A: This poverty indicator is used by policymakers, researchers, and anti-poverty organizations to understand economic conditions and allocate resources in Mississippi.
Q: Are there update delays or limitations?
A: The data is published with a delay, so the most recent information may not reflect the current situation.
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Citation
U.S. Federal Reserve, 90% Confidence Interval Lower Bound of Estimate of People Under Age 5 in Poverty for Mississippi (PECILB0T4MS28000A647NCEN), retrieved from FRED.