90% Confidence Interval Lower Bound of Estimate of People Age 0-17 in Poverty for Indiana
This dataset tracks 90% confidence interval lower bound of estimate of people age 0-17 in poverty for indiana over time.
Latest Value
223654.00
Year-over-Year Change
-34.59%
Date Range
1/1/1989 - 1/1/2023
Summary
This economic trend measures the lower bound of the 90% confidence interval for the estimated number of people aged 0-17 living in poverty in the state of Indiana. It provides insight into the level of economic hardship faced by youth 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 of Estimate of People Age 0-17 in Poverty for Indiana is a statistical measure that helps policymakers and researchers understand the minimum expected level of youth poverty in the state. It is used to assess the scale of economic disadvantage experienced by Indiana's younger population.
Methodology
The data is collected through the U.S. Census Bureau's American Community Survey.
Historical Context
This economic indicator is relevant for policymakers, researchers, and social service providers focused on addressing poverty and income inequality, particularly as it affects children and adolescents.
Key Facts
- The lower bound estimate represents the minimum expected number of Indiana youth in poverty.
- Youth poverty is a key indicator of overall economic hardship and well-being in a state.
- The confidence interval provides a range to account for statistical uncertainty in the estimate.
FAQs
Q: What does this economic trend measure?
A: This trend measures the lower bound of the 90% confidence interval for the estimated number of people aged 0-17 living in poverty in the state of Indiana.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the minimum expected level of youth poverty in Indiana, which is an important indicator of economic hardship and well-being for the state's younger population.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Census Bureau's American Community Survey.
Q: How is this trend used in economic policy?
A: This indicator is relevant for policymakers, researchers, and social service providers focused on addressing poverty and income inequality, particularly as it affects children and adolescents.
Q: Are there update delays or limitations?
A: The data may be subject to update delays and statistical uncertainty inherent in survey-based estimates.
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Citation
U.S. Federal Reserve, 90% Confidence Interval Lower Bound of Estimate of People Age 0-17 in Poverty for Indiana (PECILBU18IN18000A647NCEN), retrieved from FRED.