90% Confidence Interval Upper Bound of Estimate of People of All Ages in Poverty for Connecticut
This dataset tracks 90% confidence interval upper bound of estimate of people of all ages in poverty for connecticut over time.
Latest Value
372384.00
Year-over-Year Change
-3.31%
Date Range
1/1/1989 - 1/1/2023
Summary
The 90% Confidence Interval Upper Bound of Estimate of People of All Ages in Poverty for Connecticut measures the upper limit of the 90% confidence interval for the poverty rate estimate in Connecticut. This trend is important for understanding economic hardship and informing policymakers.
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 highest potential poverty rate for the entire population in Connecticut, based on a statistical confidence interval. It provides a conservative estimate of the extent of economic deprivation in the state and is used by analysts to assess social welfare needs and program funding.
Methodology
The data is collected through the U.S. Census Bureau's American Community Survey.
Historical Context
Policymakers and researchers utilize this metric to gauge the scope of poverty and guide the allocation of resources for anti-poverty initiatives.
Key Facts
- The 90% confidence interval represents a range in which the true poverty rate has a 90% probability of falling.
- This metric provides a more conservative estimate compared to the poverty rate point estimate.
- The upper bound indicates the maximum potential poverty level in Connecticut with a high degree of statistical confidence.
FAQs
Q: What does this economic trend measure?
A: The 90% Confidence Interval Upper Bound of Estimate of People of All Ages in Poverty for Connecticut measures the highest potential poverty rate for the entire population in the state, based on a statistical confidence interval.
Q: Why is this trend relevant for users or analysts?
A: This metric provides a conservative estimate of the extent of economic deprivation in Connecticut, which is useful for understanding social welfare needs and guiding the allocation of resources for anti-poverty initiatives.
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: Policymakers and researchers utilize this metric to gauge the scope of poverty and inform the design and funding of programs aimed at addressing economic hardship in Connecticut.
Q: Are there update delays or limitations?
A: The data may be subject to reporting lags and statistical uncertainties inherent in survey-based estimates.
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Citation
U.S. Federal Reserve, 90% Confidence Interval Upper Bound of Estimate of People of All Ages in Poverty for Connecticut (PECIUBAACT09000A647NCEN), retrieved from FRED.