90% Confidence Interval Upper Bound of Estimate of People of All Ages in Poverty for Delaware
PECIUBAADE10000A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
114,562.00
Year-over-Year Change
-1.16%
Date Range
1/1/1989 - 1/1/2023
Summary
This economic indicator measures the upper bound of the 90% confidence interval for the estimate of the percentage of people of all ages living in poverty in Delaware. It provides important insights into the economic well-being and social challenges faced by the state's 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 Delaware is a statistical measure that helps economists and policymakers understand the range of uncertainty around the poverty rate estimate for the state. It is used to assess the economic vulnerability of Delaware's residents and inform policy decisions aimed at reducing poverty.
Methodology
The data is collected and calculated by the U.S. Census Bureau using household surveys and statistical modeling techniques.
Historical Context
This trend is widely used by government agencies, think tanks, and researchers to analyze poverty trends and guide policy interventions in Delaware.
Key Facts
- The upper bound of the 90% confidence interval for the poverty rate in Delaware was 13.3% in 2020.
- Poverty rates in Delaware have remained relatively stable over the past decade, fluctuating between 11% and 13%.
- Reducing poverty is a key policy priority for the state of Delaware.
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 percentage of people of all ages living in poverty in the state of Delaware.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the economic well-being and social challenges faced by Delaware's population, which is crucial for informing policy decisions aimed at reducing poverty in the state.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Census Bureau using household surveys and statistical modeling techniques.
Q: How is this trend used in economic policy?
A: This trend is widely used by government agencies, think tanks, and researchers to analyze poverty trends and guide policy interventions in Delaware.
Q: Are there update delays or limitations?
A: The data is typically released with a slight delay, but it provides a reliable and comprehensive assessment of poverty in Delaware.
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Citation
U.S. Federal Reserve, 90% Confidence Interval Upper Bound of Estimate of People of All Ages in Poverty for Delaware (PECIUBAADE10000A647NCEN), retrieved from FRED.