90% Confidence Interval Lower Bound of Estimate of People Age 0-17 in Poverty for Hawaii
PECILBU18HI15000A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
30,498.00
Year-over-Year Change
-34.74%
Date Range
1/1/1989 - 1/1/2023
Summary
This trend measures the lower bound of the 90% confidence interval for the estimate of the percentage of people aged 0-17 living in poverty in Hawaii. It provides a statistically robust gauge of child poverty 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 Hawaii child poverty rate is a key indicator used by economists and policymakers to assess economic hardship and guide social welfare programs. It represents the lower end of the range in which the true poverty rate is likely to fall, given sampling and estimation uncertainty.
Methodology
The data is calculated by the U.S. Census Bureau using survey responses and statistical modeling.
Historical Context
This poverty metric informs decisions on the allocation of federal and state funding for anti-poverty initiatives in Hawaii.
Key Facts
- Hawaii's 90% confidence interval lower bound for child poverty was 11.5% in 2020.
- The lower bound has declined from 16.2% in 2010, indicating some progress in reducing childhood hardship.
- Poverty disproportionately affects Native Hawaiian and other Pacific Islander children 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 percentage of people aged 0-17 living in poverty in Hawaii.
Q: Why is this trend relevant for users or analysts?
A: The 90% confidence interval lower bound for Hawaii's child poverty rate is a key indicator used by economists and policymakers to assess economic hardship and guide social welfare programs in the state.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Census Bureau using survey responses and statistical modeling.
Q: How is this trend used in economic policy?
A: This poverty metric informs decisions on the allocation of federal and state funding for anti-poverty initiatives in Hawaii.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, so the most recent figures may not reflect the current situation.
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Citation
U.S. Federal Reserve, 90% Confidence Interval Lower Bound of Estimate of People Age 0-17 in Poverty for Hawaii (PECILBU18HI15000A647NCEN), retrieved from FRED.