90% Confidence Interval Lower Bound of Estimate of People of All Ages in Poverty for Alabama
PECILBAAAL01000A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
762,230.00
Year-over-Year Change
-13.30%
Date Range
1/1/1989 - 1/1/2023
Summary
This economic trend measures the lower bound of the 90% confidence interval for the estimate of the percentage of people of all ages living in poverty in Alabama. It provides important insights into the state's poverty levels and can inform policy decisions.
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 of All Ages in Poverty for Alabama represents the lower end of the range within which the true poverty rate is expected to fall, with 90% confidence. This statistic is a useful indicator of economic hardship and well-being in the state.
Methodology
The data is collected through the U.S. Census Bureau's American Community Survey.
Historical Context
This trend is relevant for policymakers, researchers, and analysts studying poverty, income inequality, and the effectiveness of social programs in Alabama.
Key Facts
- The lower bound was 13.7% in 2020.
- Alabama's poverty rate is higher than the national average.
- Poverty disproportionately affects certain demographic groups 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 of all ages living in poverty in Alabama.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the level of economic hardship and well-being in Alabama, which can inform policy decisions and the allocation of resources to address poverty in the state.
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 policymakers, researchers, and analysts to study poverty, income inequality, and the effectiveness of social programs in Alabama.
Q: Are there update delays or limitations?
A: The data is published annually, and there may be some delays in the availability of the most recent estimates.
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Citation
U.S. Federal Reserve, 90% Confidence Interval Lower Bound of Estimate of People of All Ages in Poverty for Alabama (PECILBAAAL01000A647NCEN), retrieved from FRED.