90% Confidence Interval Lower Bound of Estimate of People of All Ages in Poverty for Wisconsin
PECILBAAWI55000A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
599,659.00
Year-over-Year Change
-15.83%
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 poverty rate for people of all ages in Wisconsin. It provides important insight into the level of economic hardship and inequality within 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
The 90% Confidence Interval Lower Bound of Estimate of People of All Ages in Poverty for Wisconsin is a key metric used by economists and policymakers to assess the scale and severity of poverty in the state. It represents the lower end of the range in which the true poverty rate is expected to fall with 90% confidence.
Methodology
This data is collected and calculated by the U.S. Census Bureau based on survey responses.
Historical Context
This poverty indicator helps inform social welfare and economic development policies in Wisconsin.
Key Facts
- Wisconsin's 90% confidence interval lower bound for poverty rate was 10.7% in 2020.
- Poverty disproportionately affects certain demographic groups in Wisconsin.
- Reducing poverty is a key policy goal for state and local governments.
FAQs
Q: What does this economic trend measure?
A: This trend measures the lower bound of the 90% confidence interval for the estimated poverty rate for people of all ages in the state of Wisconsin.
Q: Why is this trend relevant for users or analysts?
A: The poverty rate and its confidence interval are important indicators of economic hardship and inequality that inform social welfare and economic development policies.
Q: How is this data collected or calculated?
A: This data is collected and calculated by the U.S. Census Bureau based on survey responses.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this poverty indicator to help design and evaluate social programs and economic development initiatives in Wisconsin.
Q: Are there update delays or limitations?
A: There may be lags in data availability, and the survey-based estimates have inherent statistical uncertainty.
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Citation
U.S. Federal Reserve, 90% Confidence Interval Lower Bound of Estimate of People of All Ages in Poverty for Wisconsin (PECILBAAWI55000A647NCEN), retrieved from FRED.