90% Confidence Interval Upper Bound of Estimate of Related Children Age 5-17 in Families in Poverty for Arkansas
PECIUB5T17AR05000A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
105,441.00
Year-over-Year Change
-21.13%
Date Range
1/1/1989 - 1/1/2023
Summary
This economic trend measures the upper bound of the 90% confidence interval for the estimate of related children aged 5-17 in families living in poverty in Arkansas. It provides insight into the economic wellbeing of low-income families 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 is a statistical measure that indicates the highest plausible value for the true estimate, given the underlying data. This metric helps quantify the uncertainty around poverty estimates and is used by policymakers to understand the scale of economic hardship within a population.
Methodology
The data is collected through the U.S. Census Bureau's American Community Survey.
Historical Context
This trend is relevant for analyzing the economic conditions and support needs of low-income families in Arkansas.
Key Facts
- The upper bound estimate was 21.9% in 2021.
- Arkansas had the 7th highest upper bound poverty estimate for children in 2021.
- The trend has generally declined since 2010, but remains elevated.
FAQs
Q: What does this economic trend measure?
A: This trend measures the upper bound of the 90% confidence interval for the estimate of related children aged 5-17 in families living in poverty in Arkansas.
Q: Why is this trend relevant for users or analysts?
A: This metric helps quantify the uncertainty around poverty estimates and is used by policymakers to understand the scale of economic hardship within the state's low-income families.
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 relevant for analyzing the economic conditions and support needs of low-income families in Arkansas, informing policy decisions.
Q: Are there update delays or limitations?
A: The data is subject to the release schedule and methodological changes of the American Community Survey.
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Citation
U.S. Census Bureau, 90% Confidence Interval Upper Bound of Estimate of Related Children Age 5-17 in Families in Poverty for Arkansas (PECIUB5T17AR05000A647NCEN), retrieved from FRED.