90% Confidence Interval Upper Bound of Estimate of People of All Ages in Poverty for District of Columbia
PECIUBAADC11000A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
105,674.00
Year-over-Year Change
-9.70%
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 the poverty rate for all ages in the District of Columbia. It provides important insights into the socioeconomic conditions and well-being of the DC population.
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 of Estimate of People of All Ages in Poverty for District of Columbia represents the upper limit of the statistical range within which the true poverty rate in DC is likely to fall, with 90% confidence. This metric helps economists and policymakers understand the extent of economic hardship and need in the region.
Methodology
The data is collected through the U.S. Census Bureau's American Community Survey.
Historical Context
This trend is used to inform policy decisions and resource allocation aimed at reducing poverty and improving living standards in the District of Columbia.
Key Facts
- The upper bound of the 90% confidence interval for the DC poverty rate was 16.3% in 2020.
- Poverty rates tend to be higher in urban areas like the District of Columbia.
- Reducing poverty is a key policy goal for the DC government and local stakeholders.
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 poverty rate for all ages in the District of Columbia.
Q: Why is this trend relevant for users or analysts?
A: This metric helps economists and policymakers understand the extent of economic hardship and need in the DC region, which is crucial for informing policy decisions and resource allocation.
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 used to inform policy decisions and resource allocation aimed at reducing poverty and improving living standards in the District of Columbia.
Q: Are there update delays or limitations?
A: The data is subject to the update schedule and limitations of the American Community Survey.
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Citation
U.S. Federal Reserve, 90% Confidence Interval Upper Bound of Estimate of People of All Ages in Poverty for District of Columbia (PECIUBAADC11000A647NCEN), retrieved from FRED.