90% Confidence Interval Lower Bound of Estimate of People of All Ages in Poverty for Tennessee
This dataset tracks 90% confidence interval lower bound of estimate of people of all ages in poverty for tennessee over time.
Latest Value
942879.00
Year-over-Year Change
-16.40%
Date Range
1/1/1989 - 1/1/2023
Summary
This economic trend represents the lower bound of the 90% confidence interval for the estimate of people of all ages in poverty for the state of Tennessee. It provides insight into the minimum level of poverty in the state and is a key metric for understanding economic well-being and informing 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 Tennessee is a statistical measure that indicates the lowest possible value in the 90% confidence range for the poverty rate across all ages in the state. It helps quantify the uncertainty around poverty estimates and is commonly used by economists and policymakers to assess economic conditions.
Methodology
This data is collected and calculated by the U.S. Census Bureau as part of its annual estimates of poverty for states and other geographic areas.
Historical Context
The poverty trend is a crucial input for programs and policies aimed at addressing economic hardship and inequality.
Key Facts
- Poverty is a persistent challenge in Tennessee.
- The lower bound estimate helps quantify economic hardship.
- Poverty data informs social programs and policy decisions.
FAQs
Q: What does this economic trend measure?
A: This trend represents the lower bound of the 90% confidence interval for the estimate of people of all ages living in poverty in the state of Tennessee.
Q: Why is this trend relevant for users or analysts?
A: The poverty trend provides important insight into the economic well-being of Tennessee's population and helps inform programs and policies aimed at addressing hardship and inequality.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Census Bureau as part of its annual estimates of poverty for states and other geographic areas.
Q: How is this trend used in economic policy?
A: Poverty data, including this lower bound estimate, is a crucial input for programs and policies aimed at addressing economic hardship and inequality in Tennessee and across the United States.
Q: Are there update delays or limitations?
A: The poverty estimates, including this lower bound trend, are published annually by the Census Bureau with a typical 1-year delay.
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Citation
U.S. Census Bureau, 90% Confidence Interval Lower Bound of Estimate of People of All Ages in Poverty for Tennessee (PECILBAATN47000A647NCEN), retrieved from FRED.