90% Confidence Interval Lower Bound of Estimate of People of All Ages in Poverty for Delaware
PECILBAADE10000A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
103,844.00
Year-over-Year Change
-2.44%
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 the percentage of people of all ages living in poverty in the state of Delaware. Understanding poverty trends is crucial for policymakers and economists to evaluate the effectiveness of social programs and economic conditions.
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 Delaware provides a statistical range for the true poverty rate in the state. This helps analysts assess how precisely the poverty estimate is measured and whether changes over time are statistically significant.
Methodology
The data is collected through the U.S. Census Bureau's annual American Community Survey.
Historical Context
Poverty statistics are used by government agencies, nonprofits, and researchers to guide policies and allocate resources aimed at reducing economic hardship.
Key Facts
- The lower bound represents the minimum possible true poverty rate with 90% confidence.
- Delaware's poverty rate has fluctuated between 10-13% over the past decade.
- Poverty data helps determine eligibility for government assistance programs.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the lower bound of the 90% confidence interval for the estimated percentage of people living in poverty in Delaware.
Q: Why is this trend relevant for users or analysts?
A: Understanding the statistical range for the true poverty rate is crucial for policymakers and economists to evaluate social programs and economic conditions.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Census Bureau's annual American Community Survey.
Q: How is this trend used in economic policy?
A: Poverty statistics guide government agencies, nonprofits, and researchers in allocating resources and developing policies aimed at reducing economic hardship.
Q: Are there update delays or limitations?
A: The data is published annually with a lag due to the time required for survey collection and analysis by the Census Bureau.
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Citation
U.S. Federal Reserve, 90% Confidence Interval Lower Bound of Estimate of People of All Ages in Poverty for Delaware (PECILBAADE10000A647NCEN), retrieved from FRED.