90% Confidence Interval Upper Bound of Estimate of Related Children Age 5-17 in Families in Poverty for Washington
PECIUB5T17WA53000A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
142,503.00
Year-over-Year Change
-26.83%
Date Range
1/1/1989 - 1/1/2023
Summary
This economic trend measures the 90% confidence interval upper bound of the estimate of related children aged 5-17 in families living in poverty in Washington state. Understanding poverty trends among vulnerable populations is crucial for policymakers and economists to develop effective poverty alleviation strategies.
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 upper bound of the 90% confidence interval provides an estimate of the maximum value that the true percentage of related children aged 5-17 in poverty in Washington could reasonably take on, given the statistical uncertainty in the underlying survey data. This metric helps quantify the scale and scope of child poverty in the state.
Methodology
The data is collected through the U.S. Census Bureau's American Community Survey.
Historical Context
This trend informs poverty reduction policies and programs at the state and local levels.
Key Facts
- The upper bound was 13.7% in 2021.
- Child poverty disproportionately affects racial minorities in Washington.
- Poverty rates are higher in rural areas of the state.
FAQs
Q: What does this economic trend measure?
A: This trend measures the 90% confidence interval upper bound of the estimate of related children aged 5-17 in families living in poverty in Washington state.
Q: Why is this trend relevant for users or analysts?
A: Understanding the scale and scope of child poverty is crucial for policymakers and economists to develop effective poverty alleviation strategies at the state and local levels.
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 poverty reduction policies and programs at the state and local levels in Washington.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, and may be subject to statistical sampling error.
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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 Washington (PECIUB5T17WA53000A647NCEN), retrieved from FRED.