90% Confidence Interval Upper Bound of Estimate of People of All Ages in Poverty for Kansas
This dataset tracks 90% confidence interval upper bound of estimate of people of all ages in poverty for kansas over time.
Latest Value
329821.00
Year-over-Year Change
-16.23%
Date Range
1/1/1989 - 1/1/2023
Summary
This economic trend represents the upper bound of the 90% confidence interval for the estimate of the percentage of people of all ages in poverty in Kansas. It provides important insight into income inequality and social welfare 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 on the poverty estimate for Kansas gives a high-end range for the state's poverty rate. This data is used by policymakers, researchers, and the public to understand the scale and distribution of economic hardship across different populations.
Methodology
The data is collected through the U.S. Census Bureau's annual Current Population Survey.
Historical Context
This poverty metric informs discussions around social programs, tax policy, and economic development in Kansas.
Key Facts
- The upper bound indicates the highest plausible poverty rate in Kansas.
- Poverty data helps target social services and anti-poverty initiatives.
- The trend has been tracked by the Census Bureau since the 1960s.
FAQs
Q: What does this economic trend measure?
A: This trend represents the upper bound of the 90% confidence interval for the estimated percentage of people of all ages living in poverty in the state of Kansas.
Q: Why is this trend relevant for users or analysts?
A: The poverty rate and its confidence interval are important indicators of economic hardship and inequality, informing policymakers, researchers, and the public on the scale of social welfare needs in Kansas.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Census Bureau's annual Current Population Survey.
Q: How is this trend used in economic policy?
A: This poverty metric helps guide discussions and decisions around social programs, tax policy, and economic development initiatives in Kansas.
Q: Are there update delays or limitations?
A: The data is published annually with a short delay, and the confidence interval provides a range to account for sampling variability.
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Citation
U.S. Federal Reserve, 90% Confidence Interval Upper Bound of Estimate of People of All Ages in Poverty for Kansas (PECIUBAAKS20000A647NCEN), retrieved from FRED.