90% Confidence Interval Lower Bound of Estimate of Related Children Age 5-17 in Families in Poverty for Maine
PECILB5T17ME23000A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
19,527.00
Year-over-Year Change
-36.03%
Date Range
1/1/1989 - 1/1/2023
Summary
The 90% Confidence Interval Lower Bound of Estimate of Related Children Age 5-17 in Families in Poverty for Maine measures the lower bound of the 90% confidence interval for the percentage of related children aged 5-17 living in families in poverty in Maine. This statistic is a key indicator of child poverty levels 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
This economic trend provides an estimate of the lower bound of the 90% confidence interval for the rate of related children aged 5-17 living in families in poverty in Maine. It helps policymakers and researchers understand the extent of child poverty and target interventions accordingly.
Methodology
The data is collected through the U.S. Census Bureau's American Community Survey.
Historical Context
This metric is used by economists, policymakers, and social service providers to assess poverty levels and guide program development.
Key Facts
- The lower bound of the 90% confidence interval was 16.7% in 2021.
- Child poverty is a key issue in policy discussions for Maine.
- This metric helps target social programs to high-need areas.
FAQs
Q: What does this economic trend measure?
A: This trend measures the lower bound of the 90% confidence interval for the percentage of related children aged 5-17 living in families in poverty in Maine.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for understanding the extent of child poverty in Maine and informing policymakers and social service providers who aim to address this issue.
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 trend is used by economists, policymakers, and social service providers to assess poverty levels and guide the development of programs and interventions.
Q: Are there update delays or limitations?
A: The data is subject to the release schedule and methodological limitations of the American Community Survey.
Related Trends
Per Capita Personal Consumption Expenditures: Goods: Durable Goods: Other Durable Goods for Maine
MEPCEPCODURG
Proprietors' Farm Income in Maine
MEOFAR
Gross Domestic Product: Rail Transportation (482) in Maine
MERAILTRANNGSP
Average Weekly Hours of All Employees: Professional and Business Services in Maine
SMU23000006000000002
Chain-Type Quantity Index for Real GDP: Durable Goods Manufacturing (321, 327-339) in Maine
MEDURMANQGSP
Gross Domestic Product: Warehousing and Storage (493) in Maine
MEWARESTORNGSP
Citation
U.S. Census Bureau, 90% Confidence Interval Lower Bound of Estimate of Related Children Age 5-17 in Families in Poverty for Maine (PECILB5T17ME23000A647NCEN), retrieved from FRED.