90% Confidence Interval Lower Bound of Estimate of People Age 0-17 in Poverty for North Carolina
This dataset tracks 90% confidence interval lower bound of estimate of people age 0-17 in poverty for north carolina over time.
Latest Value
388602.00
Year-over-Year Change
-30.44%
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 number of people aged 0-17 living in poverty in North Carolina. It provides insight into the scale and distribution of childhood 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 of Estimate of People Age 0-17 in Poverty for North Carolina is a statistical measure that helps quantify the uncertainty around poverty estimates for minors in the state. It represents the lower end of the 90% confidence range, indicating the minimum number of children likely living in poverty.
Methodology
The data is collected through the U.S. Census Bureau's American Community Survey.
Historical Context
This metric is used by policymakers, researchers, and social service providers to understand the scope of childhood poverty and inform policies and programs aimed at reducing it.
Key Facts
- The lower bound was 431,000 in 2020.
- North Carolina's child poverty rate is higher than the national average.
- Childhood poverty is linked to adverse long-term outcomes.
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 North Carolina.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the scale and distribution of childhood poverty in North Carolina, which is crucial for policymakers, researchers, and social service providers to understand and address the issue.
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 trend is used by policymakers, researchers, and social service providers to inform policies and programs aimed at reducing childhood poverty in North Carolina.
Q: Are there update delays or limitations?
A: The data is subject to the update schedule and limitations of the American Community Survey.
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Citation
U.S. Census Bureau, 90% Confidence Interval Lower Bound of Estimate of People Age 0-17 in Poverty for North Carolina (PECILBU18NC37000A647NCEN), retrieved from FRED.