90% Confidence Interval Lower Bound of Estimate of People Age 0-17 in Poverty for Arizona
PECILBU18AZ04000A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
234,756.00
Year-over-Year Change
-44.18%
Date Range
1/1/1989 - 1/1/2023
Summary
This trend measures the lower bound of the 90% confidence interval for the estimated poverty rate among people aged 0-17 in Arizona. It provides a statistical range for evaluating child poverty levels in 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 for the Arizona child poverty rate is an estimate that accounts for sampling error, giving policymakers and researchers a more robust measure of economic hardship among young Arizonans. It is used to analyze trends and target interventions.
Methodology
The data is calculated from U.S. Census Bureau survey responses using statistical modeling.
Historical Context
This metric informs decision-making around social programs, education funding, and other policies aimed at reducing child poverty.
Key Facts
- The lower bound was 16.7% in 2021.
- Arizona's child poverty rate is higher than the national average.
- Poverty disproportionately affects minority and low-income communities 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 poverty rate among people aged 0-17 in Arizona.
Q: Why is this trend relevant for users or analysts?
A: This metric provides a robust statistical range for evaluating child poverty levels in Arizona, informing policymakers and researchers on economic hardship among young Arizonans.
Q: How is this data collected or calculated?
A: The data is calculated from U.S. Census Bureau survey responses using statistical modeling.
Q: How is this trend used in economic policy?
A: This metric informs decision-making around social programs, education funding, and other policies aimed at reducing child poverty in Arizona.
Q: Are there update delays or limitations?
A: The data may have a delay in availability due to the time required for survey collection and statistical analysis.
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Citation
U.S. Federal Reserve, 90% Confidence Interval Lower Bound of Estimate of People Age 0-17 in Poverty for Arizona (PECILBU18AZ04000A647NCEN), retrieved from FRED.