90% Confidence Interval Upper Bound of Estimate of Related Children Age 5-17 in Families in Poverty for New Mexico
This dataset tracks 90% confidence interval upper bound of estimate of related children age 5-17 in families in poverty for new mexico over time.
Latest Value
79610.00
Year-over-Year Change
-24.58%
Date Range
1/1/1989 - 1/1/2023
Summary
The 90% Confidence Interval Upper Bound of Estimate of Related Children Age 5-17 in Families in Poverty for New Mexico measures the upper limit of the 90% confidence interval for the estimated percentage of related children aged 5-17 living in families below the poverty line in New Mexico. This metric is valuable for understanding economic hardship and inequality 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
This economic indicator represents the upper bound of the 90% confidence interval for the estimate of the percentage of related children aged 5-17 living in families with incomes below the federal poverty threshold in New Mexico. It provides insight into the level of child poverty and economic vulnerability in the state.
Methodology
The data is calculated based on survey responses and statistical modeling by the U.S. Census Bureau.
Historical Context
This trend is used by policymakers, researchers, and advocates to assess the extent of economic disadvantage among families with school-aged children in New Mexico.
Key Facts
- The 90% confidence interval upper bound was 27.9% in 2021.
- Child poverty disproportionately affects minority and rural communities in New Mexico.
- Reducing child poverty is a key priority for policymakers in the state.
FAQs
Q: What does this economic trend measure?
A: This metric represents the upper limit of the 90% confidence interval for the estimated percentage of related children aged 5-17 living in families below the poverty line in New Mexico.
Q: Why is this trend relevant for users or analysts?
A: The 90% confidence interval upper bound for child poverty in New Mexico provides valuable insight into the extent of economic hardship and inequality affecting families with school-aged children in the state.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Census Bureau based on survey responses and statistical modeling.
Q: How is this trend used in economic policy?
A: Policymakers, researchers, and advocates use this metric to assess the level of child poverty and economic vulnerability in New Mexico, informing efforts to reduce economic inequality and support low-income families.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, and the confidence interval estimates may be subject to sampling and modeling uncertainties.
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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 New Mexico (PECIUB5T17NM35000A647NCEN), retrieved from FRED.