90% Confidence Interval Lower Bound of Estimate of People of All Ages in Poverty for District of Columbia
PECILBAADC11000A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
91,948.00
Year-over-Year Change
-13.90%
Date Range
1/1/1989 - 1/1/2023
Summary
This economic trend tracks the lower bound of the 90% confidence interval for the estimate of people of all ages living in poverty in the District of Columbia. It provides important insight into the level of economic hardship and inequality in 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 of All Ages in Poverty for District of Columbia represents the lowest plausible value for the proportion of the population living below the poverty line in Washington, D.C. This data point is a key indicator of economic well-being and can inform policy decisions related to social services and income support programs.
Methodology
The data is collected and calculated by the U.S. Census Bureau through household surveys.
Historical Context
This poverty estimate trend is closely watched by policymakers, economists, and social service providers to assess economic conditions and the effectiveness of poverty alleviation efforts.
Key Facts
- The lower bound represents the minimum plausible poverty rate.
- Poverty estimates are based on household survey data.
- Trends in this metric can inform social policy decisions.
FAQs
Q: What does this economic trend measure?
A: This trend measures the lower bound of the 90% confidence interval for the estimate of people of all ages living in poverty in the District of Columbia.
Q: Why is this trend relevant for users or analysts?
A: This poverty estimate is a key indicator of economic hardship and inequality in the region, which is important for informing social policies and programs.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Census Bureau through household surveys.
Q: How is this trend used in economic policy?
A: This poverty estimate is closely watched by policymakers, economists, and social service providers to assess economic conditions and the effectiveness of poverty alleviation efforts.
Q: Are there update delays or limitations?
A: The data may be subject to sampling and estimation errors, and there can be lags in data availability.
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Citation
U.S. Census Bureau, 90% Confidence Interval Lower Bound of Estimate of People of All Ages in Poverty for District of Columbia (PECILBAADC11000A647NCEN), retrieved from FRED.