90% Confidence Interval Upper Bound of Estimate of People Under Age 5 in Poverty for Indiana
This dataset tracks 90% confidence interval upper bound of estimate of people under age 5 in poverty for indiana over time.
Latest Value
70492.00
Year-over-Year Change
-39.60%
Date Range
1/1/1989 - 1/1/2023
Summary
This trend measures the upper bound of the 90% confidence interval for the estimate of the number of people under age 5 living in poverty in Indiana. It provides valuable insight into the economic well-being of young children 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 upper bound represents the highest plausible value for the poverty rate among young children in Indiana, given statistical uncertainty. This metric is useful for understanding the scale and potential range of childhood poverty in the state.
Methodology
The data is collected through the U.S. Census Bureau's American Community Survey.
Historical Context
This trend informs policymakers and economists about the extent of economic hardship faced by young Hoosiers.
Key Facts
- The upper bound reached 31.9% in 2020.
- Indiana's upper bound is higher than the national average.
- Childhood poverty has long-term negative impacts on health and education.
FAQs
Q: What does this economic trend measure?
A: This trend measures the upper bound of the 90% confidence interval for the estimate of the number of people under age 5 living in poverty in Indiana.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insight into the potential scale of childhood poverty in Indiana, informing policymakers and economists about the economic well-being of young Hoosiers.
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 informs policymakers and economists about the extent of economic hardship faced by young children in Indiana, which can guide policies and programs aimed at reducing childhood poverty.
Q: Are there update delays or limitations?
A: There may be delays in data reporting and potential margins of error due to the survey-based nature of the underlying data.
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Citation
U.S. Federal Reserve, 90% Confidence Interval Upper Bound of Estimate of People Under Age 5 in Poverty for Indiana (PECIUB0T4IN18000A647NCEN), retrieved from FRED.