90% Confidence Interval Upper Bound of Estimate of People of All Ages in Poverty for Illinois
PECIUBAAIL17000A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,450,539.00
Year-over-Year Change
-23.55%
Date Range
1/1/1989 - 1/1/2023
Summary
This economic trend measures the upper bound of the 90% confidence interval for the poverty rate estimate for all ages in Illinois. It provides insight into the potential range of poverty levels within 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
The 90% Confidence Interval Upper Bound of Estimate of People of All Ages in Poverty for Illinois represents the upper limit of the statistical range in which the true poverty rate is likely to fall, with 90% confidence. This metric is used by policymakers and economists to understand the scale and potential variations in poverty within a given geographic area.
Methodology
The data is collected through U.S. Census Bureau surveys and statistical modeling.
Historical Context
This trend is relevant for informing economic and social policies aimed at addressing poverty in Illinois.
Key Facts
- The upper bound estimate was 15.8% in 2019.
- Illinois' poverty rate has remained relatively stable over the past decade.
- Poverty disproportionately affects certain demographic groups in the state.
FAQs
Q: What does this economic trend measure?
A: This trend measures the upper bound of the 90% confidence interval for the poverty rate estimate for all ages in Illinois. It provides insight into the potential range of poverty levels within the state.
Q: Why is this trend relevant for users or analysts?
A: This metric is used by policymakers and economists to understand the scale and potential variations in poverty within a given geographic area, which is crucial for informing economic and social policies aimed at addressing poverty.
Q: How is this data collected or calculated?
A: The data is collected through U.S. Census Bureau surveys and statistical modeling.
Q: How is this trend used in economic policy?
A: This trend is relevant for informing economic and social policies aimed at addressing poverty in Illinois.
Q: Are there update delays or limitations?
A: The data is subject to the release schedule and methodological limitations of the U.S. Census Bureau's surveys and statistical models.
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Citation
U.S. Federal Reserve, 90% Confidence Interval Upper Bound of Estimate of People of All Ages in Poverty for Illinois (PECIUBAAIL17000A647NCEN), retrieved from FRED.